Zhejiang Zhengyuan Zhihui Technology Co.,Ltd. (SZSE:300645) agreed to acquire an additional 40.69% stake in Zhejiang Neptune Technology Co., Ltd. from Jia Limin, Hu Shunli, Ru Hangli, Xu Lihui and Hangzhou Zhilan Investment Partnership Enterprise (Limited Partnership) for approximately CNY 140 million on April 29, 2022. Zhejiang Zhengyuan Zhihui Technology Co.,Ltd. will acquire 18.15 million shares of Zhejiang Neptune Technology Co., Ltd. in the deal. Post-completion, Zhejiang Zhengyuan Zhihui Technology Co.,Ltd. will own 51% stake in Zhejiang Neptune Technology Co., Ltd. Zhejiang Zhengyuan Zhihui Technology Co.,Ltd will use its self-raised funds of CNY 142.4 million for the acquisition.

As on September 15, 2022, first transfer of this transaction has been completed.