Qianlv No. 14 Private Securities Investment Fund managed by Zhejiang Qianlv Private Fund Management Co., Ltd. agreed to acquire a 5.002693% stake in Zhengping Road & Bridge Construction Co.,Ltd. (SHSE:603843 from Qinghai Jinyangguang Investment Group Co., Ltd. and Jin Shengguang for approximately CNY 150 million on March 18, 2023. Under the terms, 35 million shares will be acquire at a [roce of CNY 4.27 per share in cash.

Jin Shengguang will transfer 28 million shares and Qinghai Jinyangguang Investment Group Co., Ltd. will transfer 7 million shares. Within 1 month after the agreement signing, Zhejiang Qianlv Private Fund Management Co., Ltd. will pay 40% of the transfer price. Within 1 month after the Shanghai Stock Exchange approves and issues a confirmation letter, Zhejiang Qianlv Private Fund Management Co., Ltd. will pay 40% of the transfer price.

Within 1 month after the transfer completion, Zhejiang Qianlv Private Fund Management Co., Ltd. will pay 20% of the transfer price.