Jiaxing Rongjiang No. 2 Venture Capital Partnership (Limited Partnership) agreed to acquire a 26.67% stake in Nanjing Yunji Information Technology Co., Ltd. from EmbedWay Technologies (Shanghai) Corporation (SHSE:603496) for CNY 8 million on July 7, 2021. Jiaxing Rongjiang shall pay the company a one-time payment of CNY 8 million for the equity transfer within 5 working days after the equity transfer agreement becomes effective. After this equity transfer, the company's shareholding ratio in Nanjing Yunji will be reduced to 28.15%, the company will no longer exercise control over Nanjing Yunji. As of December 31, 2020, the total assets of Nanjing Yunji Information Technology are CNY 65,492,920.18, the net assets are CNY 1,283,824.06, the operating income is CNY 387,393.82 and the net profit is CNY -8,260,578.93. After the completion of the settlement, the board of directors of the transaction target shall be formed by three directors. Among them, EmbedWay Technologies appoints one director and Jiaxing Ouxin appoints two directors. The subject of the transaction does not have a board of supervisors, but has a supervisor appointed by Jiaxing Rongjiang. Nanjing Yunji Information Technology shall have a general manager who shall be appointed or dismissed by the board of directors. The board of EmbedWay Technologies have approved the transaction.