Shandong Jiuhe Yuntou Technology Development Co., Ltd. signed an agreement to acquire 18.80% stake in Wei Long Grape Wine Co., Ltd. (SHSE:603779) from Yushi Xincheng No. 1 Private Securities Investment Fund, managed by Yushi Private Fund Management (Hainan) Co., Ltd for CNY 481 million on October 31, 2022. The number of shares to be acquired is 62.5 million at CNY 7.69 per share.

Shandong Jiuhe Yuntou Technology Development Co., Ltd. completed the acquisition of 18.80% stake in Wei Long Grape Wine Co., Ltd. (SHSE:603779) from Yushi Xincheng No. 1 Private Securities Investment Fund, managed by Yushi Private Fund Management (Hainan) Co., Ltd on May 11, 2023