Zhitong Finance App News, China Shunkelong (00974) issued an announcement. The board of directors received a notice of the supply and marketing rally today. The details are as follows:

1. On March 18, 2024, the Supply and Marketing Exchange received a letter from the supply and marketing trade. The following entities agreed to purchase 1.8 billion additional shares at RMB 1.1 billion per share as the first batch of financial investors (collectively, the “first batch of financial investors”). The total cash amount was RMB 1.98 billion:

(a) China CITIC Financial Asset Management Co., Ltd.;

(b) Henan Asset Management Co., Ltd.;

(c) Chongqing International Trust Co., Ltd., representing Chongqing Trust • Daji1 Single Fund Trust;

(d) Tianjin Juxin DajiNo.1 Enterprise Management Partnership (limited partnership);

(e) Shenzhen Beizhilaiyuan Enterprise Management Consulting Center (limited partnership);

(f) Tai'an Beiji Daji1 Investment Center (limited partnership); and

(g) Yifang New Energy Technology (Shenzhen) partnership (limited partnership) (shares transferred through four private equity funds).

2. On March 18, 2024, Supply and Marketing Dajiji and the first batch of financial investors each signed investment agreements (“investment agreements (financial investors)”, collectively referred to as “investment agreements (financial investors)”), and were approved by the board of directors of M&M at their board meeting on the same day. The additional shares purchased by the financial investors are listed below:

3. The investment agreement (financial investor) will take effect after the investment agreement (financial investor) and necessary transaction documents have been signed by the relevant parties; the board of directors of the supply and marketing fair authorized by the shareholders' meeting approves the signing of the investment agreement (financial investor) and has completed the approval procedures for the supply and marketing fair; and the supply and marketing fair publicly discloses that its actual controller is changed to the China National Supply and Marketing Cooperative.

4. As of March 18, 2024, all parties concerned are handling the work related to the transfer of shares of industrial investors.