On March 1, 2024, Yankuang Energy Group Co., Ltd. ("Yankuang Energy" or "the Company") entered into agreements with Shareholder Value Management Aktiengesellschaft, Shareholder Value Beteiligungen Aktiengesellschaft, and 10 other parties, signing the Stock Purchase Agreements for the Sale and Purchase of Specific Shares of SMT Scharf AG. The Company also signed a Stock Purchase Agreement (Famous) for the Sale and Purchase of Specific Shares of SMT Scharf AG with Famous Holding GmbH. The two aforementioned agreements are collectively referred to as the "Stock Purchase Agreements." The Company plans to acquire a total of 2,907,454 ordinary shares of SMT Scharf AG (the "Target Company") held by the transaction parties through a cash acquisition. The actual transfer price paid by the Company is approximately 32.1695 million euros.

On September 18, 2024, the parties to the transaction signed the Delivery Condition Confirmation and other related documents, confirming that the delivery conditions of this transaction have been met or waived. On September 19, 2024, the shares of the target company were delivered and transferred to the Company, and a portion of the transaction funds in the escrow account were paid to the designated account of the transaction party as stipulated in the transaction documents. The proposed individuals recommended by the Company have become members of the supervisory board of the target company. The parties to the transaction will handle follow-up matters in accordance with the Stock Purchase Agreements and related documents.