Zhejiang Hangmin Co.,Ltd (SHSE:600987) and Keer Group Co. Ltd agreed to acquire Hangzhou Keer Precious Metal Co., Ltd. from Keer Group Co. Ltd on April 19, 2021. The price of the underlying equity transfer will be paid in two installments. The transferee shall, within [15] working days from the effective date of this equity transfer agreement, pay the first installment of RMB to the transferor half of the equity transfer price. The transferee shall pay the remaining price to the transferor within [15] working days after the delivery date of the target equity. The Board of Directors of Zhejiang Hangmin approved the transaction.