Hefei Jianshu Investment Co., Ltd signed share Transfer Framework Agreement to acquire 11.7% stake in Visionox Technology Inc. (SZSE:002387) from Tibet Zhihe Capital Management Co., Ltd. on March 5, 2021. Hefei Jianshu Investment Co., Ltd signed a share transfer agreement to acquire 11.7% stake in Visionox Technology Inc. from Tibet Zhihe Capital Management Co., Ltd. for CNY 1.8 billion on March 8, 2021. Pursuant to the terms of the transaction, Hefei Jianshu Investment Co., Ltd will acquire 160 million shares of Visionox Technology Inc. at CNY 11 per share. Within 10 working days from the agreement effective date, Hefei Jianshu Investment Co., Ltd. will pay CNY 500 million. Within 10 working days from the transfer completion date, Hefei Jianshu Investment Co., Ltd. will pay CNY 1.2 billion. Within 5 working days from the issuance date of Visionox Technology Inc.'s 2020 audit report, Hefei Jianshu Investment Co., Ltd. will pay the remaining amount. As a result of the transaction, stake of Tibet Zhihe Capital Management Co., Ltd. in Visionox Technology Inc. will decrease from 30.13% to 18.43%.