Jiangxi Yifang Lianpu Technology Co., Ltd. agreed to acquire Jiangxi Orient Cable Co., Ltd. from Ningbo Orient Wires & Cables Co.,Ltd. (SHSE:603606) for CNY 69.8 million on March 11, 2022. Under the terms, the total consideration shall be paid within 10 working days after the entry into force of this agreement and before the industrial and commercial change registration. For the year ended December 31, 2021, Jiangxi Orient reported total assets of CNY 79.7 million, Net assets of CNY 73.4 million, Operating income of CNY 85.99 million and net profit of CNY 19.03 million. The transaction is reviewed and approved at the 20th meeting of the 5th Board of Directors and the 19th meeting of the 5th Supervisory Committee of Ningbo Orient Wires and does not need to be submitted to the general meeting of shareholders for consideration. As of April 8, 2022, Recently, the company has completed the signing of the Equity Transfer Agreement with Jiangxi Yifang Lianpu Technology Co., Ltd, and Jiangxi Yifang Lianpu Technology Co., Ltd has paid the entire transaction price to the company in accordance with the "Equity Transfer Agreement". A new business license issued by the market supervision and management department. As of the disclosure date of this announcement, the company no longer holds the equity of Jiangxi Orient, and Jiangxi Orient is no longer included in the consolidated scope of the company's financial statements.

Jiangxi Yifang Lianpu Technology Co., Ltd. completed the acquisition of Jiangxi Orient Cable Co., Ltd. from Ningbo Orient Wires & Cables Co.,Ltd. (SHSE:603606) on April 8, 2022.