Pang Jun signed an agreement to acquire 49.9550% stake in Shenzhen Vavitel Technology Service Co., Ltd. for CNY 1 on March 30, 2023. After this transaction, Pang Jun will own 63.9189% stake in Shenzhen Vavitel Technology. The payment period is within one working day after the agreement takes effect.

Shenzhen Vavitel Technology Service has reported total assets of CNY 44.4946 million, net assets of CNY -60.6184 million, revenue of CNY 33.0564 million and net profit of CNY -25.3935 million on December 31, 2022. The board of Sichuan Zhongguang Lightning Protection Technologies has approved the deal on March 30, 2023. This transaction still needs to be approved by Sichuan Zhongguang Lightning Protection Technologies’s shareholders’ meeting.