Chongqing road & bridge co.,ltd (SHSE:600106) entered into an Equity Transfer Agreement to acquire 3.8% stake in Montage LZ Technologies from group of shareholders for CNY 45.3 million on April 27, 2023. Under the terms of transactions, Chongqing road & bridge co.,ltd will pay CNY 3.40 per share to a group of sellers. Consideration will be paid within fifteen working days after other party pays the first equity transfer price to first party.

Party B shall transfer 80% of the target equity transfer price to Party A's bank account within ten working days after the market supervision and management department completes the modification registration procedures for this equity transfer. For Year ended December 31, 2022, Montage LZ Technologies had total assets, net assets, operating income and Loss were approximately CNY 825 million, CNY 350 million, CNY 390 million and CNY 60 million. This transaction has been reviewed and approved at the fourth meeting of the eighth board of directors of the Chongqing road & bridge on April 27, 2023.