Gelonghui Co., Ltd. (603036.SH) announced that on August 9, 2024, Beijing time, the company signed an SG-RTsubscription agreement to invest 20.01 million Singapore dollars to subscribe to CEC-SGVCC's sub-fund SG-RTFund. It is the single funder of SG-RTFund, and all of it is intended to invest in MOOREASTHHOLDINGLTD. convertible bonds. On the same day, the company held the second meeting of the 5th board of directors to review and pass the “Proposal on Subscribing to Private Equity Fund Shares”. All directors agreed that the company would participate in the matter of subscribing for private equity fund shares. For details, please refer to the “Notice of Rutong Co., Ltd. on Subscribing to Private Equity Fund Shares” disclosed by the company on August 13, 2024.

The investment was reviewed and approved by the 2nd meeting of the 5th board of directors, and after many discussions with the competent authorities on the exit of funds, it was finally confirmed that it was impossible to obtain an outward direct investment (ODI) registration, and that foreign exchange could not be lawfully exchanged and investment payments could not be made. After careful research, the company decided to terminate this subscription for private equity fund shares.