Shanghai Zhibao Investment Consulting Co., Ltd. entered into a share transfer agreement to acquire 80% stake in Shanghai Chuangyi Investment Management Co., Ltd. from Shanghai Zhibao Investment Consulting Co., Ltd. for CNY 0.5 million on June 19, 2023. As of December 31, 2023, Shanghai Chuangyi Investment Management Co., Ltd. reported net asset value of CNY 1.4 million.