Yuanwang Valley: Terminate the agreement to transfer 5.00% of the company's shares.

According to the announcement of Yuanwanggu, the "Share Transfer Agreement" signed by the actual controller of the company, Xu Yuesuo, and Li Peng has been terminated. According to the agreement, Xu Yuesuo intended to transfer 37 million shares of the company to Li Peng, accounting for 5.00% of the total number of shares of the company, at a transfer price of 4.89 yuan per share, with a total consideration of RMB 181 million. As the relevant transfer procedures have not been completed yet, Xu Yuesuo holds 113 million shares of the company, accounting for 15.31% of the total share capital. The termination of this agreement will not have any impact on the company's governance structure and daily production and operation, and will not have any adverse effects on the company's operating performance and financial condition.