Shenzhou Yunke (Beijing) Technology Co., Ltd. signed a share transfer agreement to acquire 11.95% stake in Hillstone Networks Co., Ltd. (SHSE:688030) from Alpha Achieve High Tech Limited for approximately CNY 448 million on February 26, 2023. The number of shares acquired is 21.537 million at CNY 20.78 per share. This transaction still needs to be confirmed by the Shanghai Stock Exchange, and the State Administration for Market Regulation or the pilot provincial market supervision department entrusted by the State Administration for Market Regulation has passed the review of the concentration of operators before it can be implemented.