Shenzhen Xingxin Internet Technology Co., Ltd signed capital increase agreement to receive CNY 130 million in funding on August 9, 2021. The transaction will include participation from existing investors Kingold Group Co., Ltd. which will invest CNY 65 million and increase stake from 41% to 45.5% stake and Shenzhen Jinjia Group Co.,Ltd. will invest CNY 65 million to increase stake from 39% to 44.5%. Each investor will invest CNY 50 million in registered capital and CNY 15 million in capital reserve. Xinyuan (Zhuhai) Investment Consulting Center (Limited Partnership) waives the priority subscription rights. The registered capital of the company will increase from CNY 100 million to CNY 200 million. Shenzhen Jinjia Group Co.,Ltd. held the ninth meeting of the sixth board of directors in 2021, at which it reviewed and approved the transaction. The transaction does not constitute major asset reorganizations and do not need to be approved by the relevant authorities.