West Shanghai: Extend the duration of Shanghai Haitong RuiXin Private Equity Fund to 7 years.

West Shanghai announced that in order to meet the needs of business development, all partners unanimously agreed to extend the term of Shanghai Haitong Huaxin Private Equity Fund Partnership Enterprise from 5 years to 7 years, and signed a supplementary agreement to revise the original "Partnership Agreement". In November 2022, the company, as a limited partner, subscribed to 3% of the fund with 30 million yuan of its own funds. This adjustment is expected to have no significant impact on the subsequent operation of the fund or the financial condition and operating results of the company. As of now, the company has invested a total of 100 million yuan in cooperation with private equity funds.