Hainan Deya Venture Capital Partnership agreed to acquire a 8% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. (SHSE:603655) from Qi Jianguo for approximately CNY 230 million on March 1, 2023. In a related transaction, Gongqingcheng Junshan Investment Partnership agreed to acquire a 26% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. from Qi Jianguo, Fan Xiaofeng and Changzhou Jintan Juntai Investment Consulting Co., Ltd. for approximately CNY 750 million, Liangyuan Selected No. 4 Private Equity Securities Fund managed by Shanghai Liangyuan Assets Management Co., Ltd. agreed to acquire a 10% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. from Qi Jianguo for approximately CNY 290 million and Qingdao Aopa Xinrong Equity Investment Center agreed to acquire a 10% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. from Qi Jianguo for approximately CNY 290 million. Under the terms, Hainan Deya Venture will acquire 8.48 million shares at a price of CNY 27.15 per share in cash. Currently, Qi Jianguo holds 42.45% stake and post acquisition of all transactions will hold 7.32% stake in Changzhou Langbo Sealing. Hainan Deya Venture Capital Partnership shall pay corresponding share transfer price in one lump sum within 5 working days from the date when all the relevant conditions are met or the Hainan Deya waives in writing.

Hainan Deya Venture Capital Partnership cancelled the acquisition of 8% stake in Changzhou Langbo Sealing Technologies Co.,Ltd. (SHSE:603655) from Qi Jianguo on September 28, 2023.