Lin Mingqing signed a share transfer agreement to acquire 20.1855% stake in Fujian Ideal Jewellery Industrial Co., Ltd. from Su Riming, Di Ailing, Su Yongming and Su Qingxiang on October 26, 2020. The consideration shall be paid in cash. The parties shall sign a supplementary agreement, as per which the specific transfer price shall not be less than 90% of the closing price of the transferred shares on the secondary market on the trading day before the date of signing the supplementary agreement. As per terms, Lin Mingqing shall acquire approximately 54.2 million shares from Su Riming, approximately 16.6 million shares from Di Ailing, approximately 13.9 million shares from Su Yongming and approximately 7 million shares from Su Qingxiang. Currently, Lin Mingqing did not hold any shares of Fujian Ideal Jewellery Industrial Co., Ltd. and Su Riming, Di Ailing, Su Yongming, and Su Qingxiang held 121.6 million shares in total, accounting for 26.7925% of the total issues shares. Post completion, Su Riming, Di Ailing, and Su Yongming will hold together 30 million company shares, accounting for 6.6070% of the total shares. Su Qingxiang will not hold any shares. The consideration shall be paid from Lin Mingqing's own funds or self-raised funds.