Zhuhai Da Heng Qin Investment Co.,Ltd. signed the share transfer agreement to acquire 19.46% stake in Shenzhen Bauing Construction Holding Group Co., Ltd. (SZSE:002047) from Zhuhai Aviation City Development Group Co., Ltd. for approximately CNY 1,455 million on February 17, 2023. The transfer price is CNY 4.932 per share and total shares to be acquired is 295,085,323. Both parties agreed that the share transfer price will be paid in cash.

The specific payment method is: within 5 working days after the signing of this agreement, the buyer shall pay 30% of the share transfer payment, and the rest of the share transfer payment should be fully settled before the transfer of shares.