Wang Guangming signed the share transfer agreement to acquire 4.27% stake in Qingdao Spicy Workshop Food Co., Ltd. for 12.40 million on December 14, 2022. After completion, Wang Guangming's stake in the Qingdao Spicy Workshop Food will increase from 2.56% to 6.83%. As of the end of Oct 2022, Qingdao Spicy's net asset is CNY 58.8198 million.