Shandong Jiangquan Industry Co.,Ltd (SHSE:600212) agreed to acquire Shaanxi Green Energy Electronic Technology Co., Ltd from Li Xingmin, Xi'an Daoheng Tongchuang Enterprise Management Consulting Co., Ltd., Shaanxi Zhongxin Tongchuang Digital Technology Partnership Enterprise (Limited Partnership), Shaanxi Bode Hengye Energy Technology Partnership Enterprise (Limited Partnership) and Xi'an Fandi Caiwu Consulting Co., Ltd. for CNY 83 million on November 21, 2021. As on December 16, 2021, parties signed an equity transfer agreement. Consideration will be paid in cash. Li Xingmin, Xi'an Daoheng Tongchuang Enterprise Management Consulting Co., Ltd., Shaanxi Zhongxin Tongchuang Digital Technology Partnership Enterprise (Limited Partnership) and Xi'an Fandi Caiwu Consulting Co., Ltd will sell 12%, 63%,10%,10% and 5% stake respectively. Shaanxi Green Energy Electronic Technology Co., Ltd reported Total Assets of CNY 136.5 million and net assets of CNY 37.2 million for the year ended October 31, 2021. Transaction has been unanimously approved in the 17th Meeting of Shandong Jiangquan 10th Directorate held on November 21, 2021, and is subject to the official agreement and the Shandong Jiangquan Industry Co.,Ltd. Shareholders' Approval. As of January 4, 2022, Shandong Jiangquan Industry Co.,Ltd shareholders approved the transaction.

Shandong Jiangquan Industry Co.,Ltd (SHSE:600212) completed the acquisition of Shaanxi Green Energy Electronic Technology Co., Ltd from Li Xingmin, Xi'an Daoheng Tongchuang Enterprise Management Consulting Co., Ltd., Shaanxi Zhongxin Tongchuang Digital Technology Partnership Enterprise (Limited Partnership), Shaanxi Bode Hengye Energy Technology Partnership Enterprise (Limited Partnership) and Xi'an Fandi Caiwu Consulting Co., Ltd. on January 28, 2022.