ZHESHANG SECURITIES, A NON-WHOLLY OWNED SUBSIDIARY UNDER THE BANNER OF ZHEJIANG HANGYONG EXPRESSWAY CO., LTD. (ZHEJIANG SHISHANGYONG) SIGNED A SHARE TRANSFER AGREEMENT WITH YUFANG GUOHUA ENERGY INVESTMENT CO., LTD. ON MAY 27, 2024 TO ACQUIRE 7.6933% OF THE SHAREHOLDING OF TARGET COMPANY KUOMITO SECURITIES CO., LTD. AT A TRADING PRICE OF RMB $1,009,441,300. In addition to previous acquisitions, Zhejiang Securities will hold 26.8387 per cent of the target company's shareholding. Under the Listing Rules, this acquisition is calculated in conjunction with previous acquisitions to constitute a disclosable transaction, but is exempt from shareholder approval. After the acquisition is completed, Zhejiang Securities will further expand its business scope and increase its competitiveness. Shareholders and potential investors should note that completion of the acquisition is subject to certain conditions, so the final completion of the acquisition is not yet known.

ZHESHANG SECURITIES, A NON-WHOLLY OWNED SUBSIDIARY UNDER THE BANNER OF ZHEJIANG HANGYONG EXPRESSWAY CO., LTD. (ZHEJIANG SHISHANGYONG) SIGNED A SHARE TRANSFER AGREEMENT WITH YUFANG GUOHUA ENERGY INVESTMENT CO., LTD. ON MAY 27, 2024 TO ACQUIRE 7.6933% OF THE SHAREHOLDING OF TARGET COMPANY KUOMITO SECURITIES CO., LTD. AT A TRADING PRICE OF RMB $1,009,441,300. In addition to previous acquisitions, Zhejiang Securities will hold 26.8387 per cent of the target company's shareholding. Under the Listing Rules, this acquisition is calculated in conjunction with previous acquisitions to constitute a disclosable transaction, but is exempt from shareholder approval. After the acquisition is completed, Zhejiang Securities will further expand its business scope and increase its competitiveness. Shareholders and potential investors should note that completion of the acquisition is subject to certain conditions, so the final completion of the acquisition is not yet known.