Ruan Guoxin entered into a share transfer agreement to acquire 5% stake in Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) from Chongqing Ruiqing Equity Investment Fund Partnership Enterprise (Limited Partnership) for approximately CNY 140 million on August 26, 2021. Pursuant to the terms of the agreement, Ruan Guoxin will acquire around 20.5 million shares in Zhejiang Great Shengda Packaging Co.,Ltd., at CNY 6.74 per share. Ruan Guoxin and Chongqing Ruiqing Equity Investment Fund Partnership Enterprise (Limited Partnership) agree that on the second working day after the signing of the agreement, Ruan Guoxin shall pay 10% of the share transfer price, namely CNY 138.4 million as the deposit for this share transfer; within fifteen working days after the share transfer is confirmed by the Shanghai Stock Exchange, Ruan Guoxin shall pay the balance of the entire share transfer price, namely CNY 12.5 million. Both parties, Ruan Guoxin and Chongqing Ruiqing Equity Investment Fund Partnership Enterprise (Limited Partnership) agree that within seven working days after Chongqing Ruiqing Equity Investment Fund Partnership Enterprise (Limited Partnership) receives the full share transfer price, Chongqing Ruiqing Equity Investment Fund Partnership Enterprise (Limited Partnership) shall cooperate with China Securities Depository and Clearing Co., Ltd. to apply for the transfer of the subject shares to Ruan Guoxin's name. From the date when the target shares are registered in the name of Ruan Guoxin by China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as the "transfer completion date"), Ruan Guoxin, as a shareholder of Zhejiang Great Shengda Packaging Co.,Ltd., enjoys the corresponding rights and assumes corresponding obligations with respect to Zhejiang Great Shengda Packaging Co.,Ltd., shares.