Geng Jing agreed to acquire 2.15% stake in Bazhong Yike Carbon Corp., Ltd. from Dong Yi Ri Sheng Home Decoration Group Co.,Ltd. (SZSE:002713) for CNY 20.21 million on June 12, 2023. Within 30 working days from the agreement effective date, Geng Jing will pay 30% of the transfer price.When 3 months have passed after the completion of the transfer, if the Company is not found to have violated any promises and guarantees under this agreement, Geng Jing will pay the remaining amount on the working day following the expiration of the 3 months. At present, Geng Jing holds 1,013,966 shares, 0.97% stake.

This has been approved in the 21st (Extraordinary) Meeting of the Company’s 5th Directorate held on June 12, 2023, and does not need the Shareholders’ Approval. For the period ended March 2023, Total Assets were of CNY 740 million and Net Assets were of CNY 643 million.