On June 28, 2023, Hunan New Wellful Co.,Ltd. closed the transaction. The company issued 184,812,797 shares at issue price of CNY 8.39 for proceeds of CNY 1,550,579,366.83. The transaction included participation form new investors Zhong Ou Fund Management Co., Ltd acquired 38,974,965 shares for CNY 326,999,956.35, Nuode Asset Management Co., Ltd. acquired 25,432,630 shares for 213,379,765.70, Caitong Fund Management Co., Ltd. 22,294,371 shares for CNY 187,049,772.69, Guotai Junan Securities Co., Ltd. acquired 16,278,903 shares for CNY 136,579,996.17, – Traditional – General Insurance Product, Pacific Asset Management Co., Ltd. – China Pacific Property Insurance Co., Ltd. acquired 393,325 shares for CNY 3,299,996.75, Pacific Asset Management Co., Ltd. – Pacific Excellence Vision Products acquired 476,758 shares for CNY 3,999,999.62, Nanfang Tianchen (Beijing) Investment Management Co., Ltd. acquired 595,947 shares for CNY 4,999,995.33, Light Salt Zhixuan No.

25 Private Securities Investment Fund acquired 6,045,292 shares for CNY 50,719,999.88, Goldtrust Futures Co., Ltd. – Goldtrust Jinfu Dingzeng No. 1 Single Asset Management Plan acquired 5,363,528 shares for CNY 44,999,999.92, Huatai Asset Management Co., Ltd. – Huatai Youyi No. 5 Hybrid Pension Product acquired 1,549,463 shares for CNY 12,999,994.57 and many other investors.

After the completion of this issuance, only Guotai Junan Securities Co., Ltd. makes it to number 9 of top 10 shareholders with shareholding of 16,278,903 shares. The company incurred issue expenses of CNY 22,930,456.99 in the transaction. In accordance with “China Securities Depository and Clearing Corporation Limited, Shanghai Branch Securities Change Registration Certificate” issued by China Securities Depository and Clearing Corporation Limited, and in accordance with securities registration data and related materials delivered by the company, China Securities Depository and Clearing Corporation Limited has completed the securities change registration.