Shenzhen Yansheng Asset Management Co., Ltd. entered into an agreement to acquire a 5% stake in Shannon Semiconductor Technology Co., Ltd. (SZSE:300475) from Liu Xiang for CNY 440 million on January 24, 2022. Shenzhen Yansheng Asset Management Co., Ltd will acquire 21 million shares at CNY 20.81 per share. In a related transactions, Pingrock Fz3 Hedge Private Securities Investment Fund managed by Shenzhen Pingrock Asset Management Co., Ltd. agreed to acquire a 5.9% stake in Shannon Semiconductor Technology Co., Ltd. (SZSE:300475) from Mr. Liu Jun for approximately CNY 520 million and Changlehui Capital Exclusive No.

16 Private Securities Investment Fund managed by Zhuhai Hengqin Changlehui Capital Management Co., Ltd. agreed to acquire a 5.9% stake in Shannon Semiconductor Technology Co., Ltd from Liu Xiang and Liu Jun for CNY 520 million.