Shanghai Shumian Consulting Management Co., Ltd. agreed to acquire Shanghai Feilo Investment Co., Ltd. from Shanghai Feilo Acoustics Co.,Ltd (SHSE:600651) for CNY 235.48 million on June 6, 2022. Guotai Junan Securities Co., Ltd. (SHSE:601211) acted as financial advisor, Commerce & Finance Law Offices acted as legal advisor and Shanghai Certified Public Accountants and Ernst & Young Hua Ming LLP acted as accountant for Shanghai Feilo Acoustics Co.,Ltd.

Shanghai Shumian Consulting Management Co., Ltd. completed the acquisition of Shanghai Feilo Investment Co., Ltd. from Shanghai Feilo Acoustics Co.,Ltd (SHSE:600651) on June 28, 2022.