Gelonghui Co., Ltd. announced on December 18 | Yuancheng Co., Ltd. announced that Hangzhou Beijia Investment Co., Ltd. and Ms. Zhang Jianfei signed a “Share Transfer Agreement” on December 17, 2023, agreeing that Hangzhou Beijia Investment Co., Ltd. intends to transfer its 18,130,000 shares of the company (accounting for 5.57% of the company's total share capital) to Ms. Zhang Jianfei at a price of 8.83 yuan per share, with a total transfer price of RMB 160,087,900. 603388.SH

Before the transfer of this agreement was completed, Mr. Zhu Changren directly held 61,875,520 shares of the company, accounting for 19.00% of the company's total share capital. Hangzhou Beijia Investment Co., Ltd. directly held 24,662,500 shares of the company, accounting for 7.57% of the total share capital of Yuancheng shares. It held a total of 86,538,020 shares of the company, accounting for 26.57% of the total share capital of Yuancheng shares. The transferee did not hold shares in the company. After the transfer of this agreement was completed, Mr. Zhu Changren held 61,875,520 shares of the company, accounting for 19.00% of the company's total share capital. Hangzhou Beijia Investment Co., Ltd. directly held 6,532,500 shares of the company, accounting for 2.01% of the total share capital of Yuancheng shares. A total of 68,408,020 shares of the company are held, accounting for 21.00% of the total share capital of Yuancheng shares, and the transferee holds 18,130,000 shares of the company, accounting for 5.57% of the company's total share capital.

After this change in equity, the total share ratio of Mr. Zhu Changren and his co-actor, Hangzhou Beijia Investment Co., Ltd. will decrease from 102,128,020 shares to 68,408,020 shares from November 9, 2022, with a cumulative change in shareholding ratio of more than 5%