An unknown buyer agreed to acquire a 3.1% stake in Zhejiang Jinke Tom Culture Industry Co., Ltd. for approximately CNY 380 million.

Tuopai Xingfeng No. 7 Private Securities Investment Fund, managed by Shanghai Tuopai Asset Management Co., Ltd. entered into an agreement to acquire a 3.11% stake in Zhejiang Jinke Tom Culture Industry Co., LTD. from Jinke Holding Group Co., Ltd. for CNY 380 million on February 16, 2022. Tuopai Xingfeng will acquire 109,280,000 shares at CNY 3.50 per share.