Wanwu Cloud Hong Kong Exchange announcement stated that on November 29, 2024, Shanghai Vanke Investment (as the seller) and Wanwu Business Enterprise Space Technology (as the buyer) entered into an equity transfer agreement. According to the equity transfer agreement, the seller agrees to sell to the buyer, and the buyer agrees to purchase without any encumbrances the 45% equity of Shanghai Xiangda. After the equity transfer is completed, Shanghai Xiangda will not become a subsidiary of this company, and the financial performance of Shanghai Xiangda will not be consolidated into the financial statements of this group. According to the equity transfer agreement, the initial consideration is RMB 0.712 billion yuan, representing the value of 45% equity of Shanghai Xiangda.