Gelonghui, March 11 | Huaxing Capital announced on the Hong Kong Stock Exchange that on March 11, 2024, the company signed a settlement agreement with Huaxing New Economy RMB Phase IV Fund. According to the agreement, the company agreed to transfer all the rights of the special purpose company for approximately RMB 790.77 million, while the special purpose company held the relevant portfolio rights of the Huaxing New Economy RMB Phase IV Fund. The Huaxing New Economy RMB Phase IV Fund is required to fully settle the outstanding investment amount equal to the amount. After the outstanding investment amount is settled, Huaxing New Economy RMB IV Fund will not be required to pay accrued and unpaid interest to the Group (approximately RMB 116.80 million as of June 30, 2023). The outstanding investment amount is equivalent to the amount of investment the Group has invested in the invested company in accordance with the Huaxing New Economy RMB Phase 4 Fund's advance investment arrangement and has not yet been repaid to the Group.