China West Stock (000936.SZ) announced that its controlling entity, Shanghai Qilan Enterprise Management Consulting Partnership Enterprise (referred to as "Shanghai Qilan"), currently holds 59,936,200 shares of Source Photonics Holdings (Cayman) Limited (referred to as "Sors Photonics") through Diamond Hill, LP. Shanghai Qilan holds 5,560,300 shares of Sors Photonics directly. Therefore, Shanghai Qilan holds a total of 65,496,500 shares of Sors Photonics.

Recently, 11 entities including Shanghai Qilan and Beijing Vantone Neo Development Group Co., Ltd. (referred to as "Vantone Development", stock code: 600246) plan to sign the Agreement on Share Transfer of Source Photonics Holdings (Cayman) Limited with Vantone Development. Shanghai Qilan plans to transfer its 5.5603 million shares of Source Photonics stock and 29.5925 million shares of Source Photonics stock held by Diamond Hill, LP to Vantone Development, with a total transfer of 35.1528 million shares of Source Photonics stock and a total transfer price of USD 92.0266 million.