Zhao Wei entered into a share transfer agreement to acquire 5% stake in Guangzhou Risong Intelligent Technology Holding Co., Ltd. (SHSE:688090) from Xiamen Hengxing Group Co., Ltd. for CNY 90.9 million on December 16, 2022. The offer per share is CNY 27. Both parties agreed that after obtaining the confirmation document of the transfer of the target shares from the Shanghai Stock Exchange and completing the transfer, Zhao Wei shall pay the full payment of the transfer to the bank account designated by Xiamen Hengxing Group.

The transfer of shares by agreement still needs to be confirmed by the Shanghai Stock Exchange before it can go through the procedures for the transfer of shares by agreement at China Securities Depository and Clearing Corporation Limited, Shanghai Branch. Both parties agree that within ten working days after the signing of this agreement, according to the relevant regulations of the Shanghai Stock Exchange, the parties shall jointly submit to the Shanghai Stock Exchange all the application documents for the delivery and transfer of the target shares. After the Shanghai Stock Exchange issued a confirmation opinion on this share transfer, according to the business rules of China Securities Depository and Clearing Corporation Limited, Shanghai Branch, the parties shall cooperate to complete the delivery and transfer procedures of the target shares.

The two parties confirmed that the date on which the transfer and change registration of the target shares is completed is the delivery date of this share transfer.