Sun Weini signed Share Transfer Agreement to acquire 7% stake in YanTai Yuancheng Gold Co., Ltd. (SHSE:600766) from Xu Chengdong for approximately CNY 266 million on February 27, 2023. Consideration will be paid as follows, within 1 month from the agreement signing date, Sun Weini will pay 10% of the transfer price. Within half year from the completion of the transfer, Sun Weini will pay 50% of the transfer price. Within 1 year from the agreement signing date, Sun Weini will pay 40% of the transfer price.

Sun Weini completed the acquisition of 7% stake in YanTai Yuancheng Gold Co., Ltd. (SHSE:600766) from Xu Chengdong on March 22, 2023.