Xuanding Xingsu No. 1 Private Equity Securities Investment Fund, managed by Shanghai Xuanding Asset Management Co., Ltd. signed an agreement to acquire a 5% stake in Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) from Chongqing Ruiqing Equity Investment Fund Partnership (Limited Partnership) for approximately CNY 140 million on August 26, 2021. Shanghai Xuanding Asset Management Co., Ltd. will acquire 20.5 million shares at CNY 6.74 per share. On the second working day after the signing of the agreement, Shanghai Xuanding Asset Management Co., Ltd. shall pay 10% of the share transfer price, namely CNY 13.8 million as the deposit for the share transfer and within fifteen working days after the share transfer is confirmed by the Shanghai Stock Exchange, Shanghai Xuanding Asset Management shall pay the balance of the entire share transfer price, CNY 124.6 million. Within seven working days after Chongqing Ruiqing Equity Investment Fund Partnership receives the full share transfer price, Chongqing Ruiqing Equity Investment Fund Partnership shall cooperate with China Securities Depository and Clearing Co., Ltd. to apply for the transfer of the subject shares to Shanghai Xuanding Asset Management. Shanghai Xuanding Asset Management Co., Ltd. will use its own funds to acquire the stake. Xuanding Xingsu No. 1 Private Equity Securities Investment Fund, managed by Shanghai Xuanding Asset Management Co., Ltd. completed the acquisition of a 5% stake in Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) from Chongqing Ruiqing Equity Investment Fund Partnership (Limited Partnership) on October 8, 2021.