Jiangsu Xinlinfei Investment Co., Ltd. agreed to acquire 27% stake in BizConf Telecom Co.,Ltd. (SZSE:300578) from Beijing Huichang Enterprise Management Partnership (Limited Partnership) and Huang Yuanyuan on April 28, 2023. Jiangsu Xinlinfei Investment Co., Ltd. signed Share Transfer Agreement to acquire 27% stake in BizConf Telecom Co.,Ltd. (SZSE:300578) from Beijing Huichang Enterprise Management Partnership (Limited Partnership) and Huang Yuanyuan for approximately CNY 1 billion on May 5, 2023. The transaction is 19.47 per share. The voluntary commitment exemption of Huang Yuanyuan is approved by the shareholders' meeting of the target company. This transaction has been approved by the State Anti-monopoly Bureau for the review of the operator's concentration declaration. This transaction has obtained the compliance confirmation document issued by the Shenzhen Stock Exchange.

Jiangsu Xinlinfei Investment Co., Ltd. completed the acquisition of 27.15% stake in BizConf Telecom Co.,Ltd. (SZSE:300578) from Beijing Huichang Enterprise Management Partnership (Limited Partnership) and Huang Yuanyuan on October 13, 2023.