Shenyang Cuihua Gold and Silver Jewelry Co., Ltd. (SZSE:002731) agreed to acquire a 51% stake in Sichuan Siterui Lithium Co., Ltd. from Chen Siwei, Sichuan Siterui Technology Co., Ltd., Sichuan Lurui Enterprise Management Partnership (Limited Partnership), Sichuan Dingmu Enterprise Management Partnership (Limited Partnership) and Ganzhou Xinyue Investment Management Center (Limited Partnership) for approximately CNY 610 million on November 10, 2022. Shenyang Cuihua Gold and Silver Jewelry will acquire 24.99%, 6.65%, 12.75%, 4.16% and 2.45% from Chen Siwei, Sichuan Siterui Technology Co., Ltd., Sichuan Lurui Enterprise Management Partnership (Limited Partnership), Sichuan Dingmu Enterprise Management Partnership (Limited Partnership) and Ganzhou Xinyue Investment Management Center (Limited Partnership). Shenyang Cuihua Gold and Silver Jewelry will pay CNY 320 million on December 31, 2022 and remaining balance before March 31, 2023. For the year ended June 30, 2022, Sichuan Siterui Lithium reported total assets of CNY 900 million and total owner's equity of CNY 290 million. The transaction is approved by Shenyang Cuihua Gold and Silver Jewelry board and shareholders approval is pending. As of January 13, 2023, Shenyang Cuihua Gold and Silver Jewelry, Chen Siwei, Sichuan Siterui Technology Co., Ltd., Sichuan Lurui Enterprise Management Partnership (Limited Partnership), Sichuan Dingmu Enterprise Management Partnership (Limited Partnership) and Ganzhou Xinyue Investment Management Center has signed the "Supplementary Agreement on the Equity Acquisition Agreement of (2)". CNY 320 million payment date has changed from on December 31, 2022 to before March 31, 2023, and remaining balance payment date has changed from before March 31, 2023 to before June 30, 2023. The transaction has approved in fifth interim meeting of the fifth board of supervisors in 2023. This transaction still needs to be submitted to Shenyang Cuihua Gold and Silver Jewelry's general meeting of shareholders for consideration and approval. Shenyang Cuihua Gold and Silver Jewelry Co., Ltd. has paid part of the transfer price to the counterparty of this transaction. The transaction has been approved at the fourth interim meeting of the fifth board of directors in 2023 and needs to be submitted to the company's shareholders' meeting for review and approval. As of January 30, 2023, the transaction is approved by shareholders of Shenyang Cuihua Gold and Silver Jewelry Co., Ltd.

Shenyang Cuihua Gold and Silver Jewelry Co., Ltd. (SZSE:002731) completed the acquisition of 51% stake in Sichuan Siterui Lithium Co., Ltd. from Chen Siwei, Sichuan Siterui Technology Co., Ltd., Sichuan Lurui Enterprise Management Partnership (Limited Partnership), Sichuan Dingmu Enterprise Management Partnership (Limited Partnership) and Ganzhou Xinyue Investment Management Center (Limited Partnership) on August 2, 2023.