West Lake Interactive Machine Technology (Hangzhou) Co., Ltd. announced that it will receive CNY 18,000,000 on March 19, 2024. The transaction included participation from returning investors Sanlux Co.,Ltd for CNY 12,600,000 and Ningbo Jiren Investment Partnership Enterprise (Limited Partnership) for CNY 5,400,000. The transaction has been approved by the company?s 7th directorate during its 25th meeting held and does not require approval by the company?s shareholders?

meeting. After this transaction, Ningbo Jiren Investment Partnership Enterprise (Limited Partnership) will hold 7% stake and Ningbo Jiren Investment Partnership Enterprise (Limited Partnership)will hold 3% stake in the company.