Yongrui Xingkong No. 4 private securities investment fund, managed by Beijing Yongrui Private Equity Fund Management Co., Ltd. singed an agreement to acquire a 5.6% stake in Inly Media Co., Ltd. (SHSE:603598) from Luo Yanji for approximately CNY 120 million on July 29, 2022. Under the terms, CNY 8.2 per share will be paid to acquire 15 million shares.

Yongrui Xingkong No. 4 private securities investment fund, managed by Beijing Yongrui Private Equity Fund Management shall pay 20% consideration within 3 working days from the date of this agreement, and shall pay 30% consideration within 5 working days from the date when the target share transfer registration procedure is completed and the remaining 50% within 6 months after the transfer. Luo Yanji held 110,716,900 shares prior to this transaction, accounting for 41.33% of Inly Media.