Zhejiang Yisheng Construction Engineering Co., Ltd. signed a share transfer agreement to acquire 51% stake in Zhejiang Huatie Construction Supporting Technology Co., Ltd. from Zhejiang Huatie Emergency Equipment Science & Technology Co.,Ltd. (SHSE:603300) for approximately CNY 130 million on May 18, 2021. Within 1 month from the agreement effective date, Zhejiang Yisheng Construction Engineering Co., Ltd. will pay CNY 63.2 million. Within 6 months from the transfer completion date, Zhejiang Yisheng Construction Engineering Co., Ltd. will pay CNY 63.2 million. Zhejiang Huatie Construction Supporting Technology Co., Ltd. reported total assets of CNY 248.4 million and total common equity of CNY 248 million. The transaction has been approved in the 7th Meeting of the Company’s 4th Directorate and does not need the shareholders’ Approval.