Shenzhen Baotong Technology Co., Ltd signed Share Transfer Agreement to acquire 25% stake in Ningbo Sunlight Electrical Appliance Co.,Ltd (SZSE:002473) from Shenzhen Zhouji Tongshang Investment Co., Ltd. and Tibet Shengxinchuang Asset Management Co., Ltd. for approximately CNY 310 million on October 18, 2021. Shenzhen Baotong Technology Co., Ltd will acquire 40 million shares for CNY 7.7 per share. Within 5 working days after the agreement signing, Shenzhen Baotong Technology Co., Ltd. will pay a deposit, which will be converted into part of the transfer payments. If within 5 days after the agreement signing no deposit is made, the agreement will be voided.

Shenzhen Baotong Technology Co., Ltd completed the acquisition of 25% stake in Ningbo Sunlight Electrical Appliance Co.,Ltd (SZSE:002473) from Shenzhen Zhouji Tongshang Investment Co., Ltd. and Tibet Shengxinchuang Asset Management Co., Ltd on October 19, 2022, which is an estimated completion date.