Chiyao No. 10 Private Securities Investment Fund managed by Shanghai Chiyao Investment Co., Ltd signed share transfer agreement to acquire 5.01% stake in Sanwei Holding Group Co.,Ltd (SHSE:603033) from Wu Shanguo for approximately CNY 670 million on June 8, 2023. As reported, Wu Shanguo will transfer 39,680,000 shares in Sanwei Holding Group Co. at CNY 17.07 per share, payable in cash. Within ten working days after this agreement has been signed and becomes effective, Shanghai Chiyao Investment Co., Ltd shall pay Wu Shanguo, the first transfer price of CNY 8 million. After obtaining the share agreement transfer confirmation opinion issued by the exchange for this share transfer, and within 180 days after China Securities Depository and Clearing Co., Ltd. completed the transfer registration procedures and obtained the securities transfer registration confirmation letter, 50% of the total transfer price amounting to CNY 338.7 million will be paid and the balance CNY 330.7 million will be paid within 365 days after the completion of the transfer registration procedures at China Securities Depository and Clearing Co., Ltd. for this share transfer and the confirmation of securities transfer registration. Following the sale, Wu Shanguo will transfer 5.01% stake in Sanwei Holding Group Co. The transfer of this agreement still needs to obtain compliance confirmation from the Shanghai Stock Exchange, and the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. formalities.

Chiyao No. 10 Private Securities Investment Fund managed by Shanghai Chiyao Investment Co., Ltd completed the acquisition of 5.01% stake in Sanwei Holding Group Co.,Ltd (SHSE:603033) from Wu Shanguo on July 11, 2023. Sanwei Holding Group Co.,Ltd received a notice that China Securities Depository and Clearing Company Limited issued “Securities Transfer Registration Confirmation,” that the transfer of Sanwei Holding Group Co.,Ltd’s shares was completed.