According to a company announcement, all conditions set forth under the acquisition agreement have now been either satisfied or waived, as applicable.

The completion was effected on June 15, 2026, whereby the company has acquired 100% of the equity in the target company along with a sales loan amounting to RMB 22 million.

The board of directors is pleased to announce the appointment of Mr. Zhang Yuanzhou as an executive director of the company, effective June 16, 2026.