Hangzhou Nuoke Long´en Enterprise Management Consulting Partnership (Limited Partnership) signed an agreement to acquire 5% stake in Cloud Live Technology Group Co.,Ltd. (SZSE:002306) from Shanghai Zhenxi Enterprise Management Consulting Partnership Enterprise (Limited Partnership) for approximately CNY 170 million on July 1, 2022. As per the transaction, Hangzhou Nuoke Long´en Enterprise Management Consulting Partnership (Limited Partnership) will acquire 42 million shares for CNY 4 per share.

Hangzhou Nuoke Long´en Enterprise Management Consulting Partnership (Limited Partnership) completed the acquisition of a 5% stake in Cloud Live Technology Group Co.,Ltd. (SZSE:002306) from Shanghai Zhenxi Enterprise Management Consulting Partnership Enterprise (Limited Partnership) on November 17, 2022.