On September 26, 2023, The participation of capital increase and shareholding of the company has obtained the pre-audit opinion from the State-owned Assets Supervision and Administration Commission of the Zhejiang Provincial People's Government, and it has agreed in principle to submit this capital increase and shareholding to the company's board of directors for review. The transaction needs to be submitted to the company?s board of directors for review. It still needs to be reported to the State Financial Supervision and Administration Bureau for approval of shareholder qualifications, and still need to pass the review of concentration of undertakings by the State Administration for Market Regulation.