Shenzhen Qianhai Oriental Venture Capital Holdings Co., Ltd signed share transfer agreement to acquire a 5.01% stake in GCL System Integration Technology Co., Ltd. (SZSE : 002506) from Yingkou Qiyin Investment Management Co., Ltd. for approximately CNY 900 million on December 21, 2022. Under the terms of transaction, Yingkou Qiyin will transfer 293,000,000 shares at transfer price of CNY 3.06 per share and post completion will hold 8.8% stake of GCL Integration. Shenzhen Qianhai Oriental Venture agree to pay all equity transfer funds in cash and/or other methods agreed by both parties within one month after the signing of this agreement or on a date otherwise agreed by both parties and agree to start the transfer registration of the target shares within 15 days after the effective date of this agreement, and the date of completion of the transfer registration of the target shares shall be the delivery date.

The transfer of shares by agreement must be confirmed by the Shenzhen Stock Exchange before it can handle the transfer of shares by agreement at the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd