Liu Tao signed a Share Transfer Agreement to acquire an additional 5% stake in QITIAN Technology Group Co., Ltd. from Shanghai Zhunyuan Enterprise Management Partnership Enterprise (Limited Partnership) for approximately CNY 240 million.

QITIAN Technology Group Co., Ltd., formerly Shanghai Conant Macroflag Group Co., Ltd., is a China-based company mainly engaged in financial technology business. The Company's business includes fintech service business and resin lens production and sales business. Fintech service business builds intelligent marketing, intelligent risk control, and intelligent customer acquisition capabilities through the comprehensive construction of technology, data, and business capabilities, and provides intelligent data analysis, decision support, marketing promotion, customer acquisition, flow distribution and risk judgment. It also provides individual customers with value-added services such as commodities, equity, instalment, and insurance. Resin lens production and sales business are mainly for the manufacture and sale of resin lenses, and provide lens processing services. The Company distributes its products within domestic market and to overseas markets.