Capital Online: The Qu Ning Agreement transfers 4.94% of shares to Tianyang Hongye.

Capital Online Announcement: Company shareholder Qu Ning signed a share transfer agreement with Tianyang Hongye, transferring 24.8151 million shares of the company with unlimited trading conditions, accounting for 4.94% of the total share capital of the company, to Tianyang Hongye at a transfer price of 17.6 yuan per share, with a total transfer price of 437 million yuan. This change in equity will not result in a change of the company's controlling shareholder or actual controller. After the transfer is completed, Qu Ning's shareholding in the company will decrease to 19.15%. This share transfer still requires confirmation of compliance by the Shenzhen Stock Exchange and transfer registration procedures at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.