Beijing Yonyou Enterprise Management Research Co., Ltd. agreed to acquire 10% stake in Ningbo Meishan Free Trade Port Area Yinxinghai Investment Management Co., Ltd. from Yonyou Network Technology Co., Ltd. (SHSE:600588) for CNY 1.1 million on December 30, 2020. Beijing Yonyou Enterprise Management Research Co., Ltd. will pay 0.68 million within ten (10) working days from the date of signing this agreement and remaining balance within ten (10) working days from the date when the target company completes the industrial and commercial change of the equity transfer. The consideration will be paid in monetary funds.

Ningbo Meishan Free Trade Port Area Yinxinghai Investment Management Co., Ltd has total assets of CNY 11.4 million and owners equity of CNY 11.4 million as of September 30, 2020 and has generated net profit of -CNY 0.006 million for the year ended December 31, 2019. The transaction has been approved by the Board of Directors of Ningbo Meishan Free Trade Port Area Yinxinghai Investment Management Co., Ltd.