Yang Minghuan signed share transfer agreement to acquire 5.82% stake in Shenzhen Fenda Technology Co., Ltd. (SZSE:002681) from Xiao Fen, Xiao Yong and Xiao Xiao for approximately CNY 440 million on February 29, 2024. The unit price for the transfer of target shares is at CNY 4.15 per share. The total transfer price for the target shares is CNY 435,750,000, out of which CNY 193,725,000, will be paid by Yang Minghuan within 12 months after Shenzhen Fenda Technology shares have been transferred.