Jiangsu Rongtai Industry Co. Ltd.

Ganzhou Runcheng Venture Capital Co., Ltd., the controlling shareholder of Rongtai Shares, plans to transfer 17.1165 million shares it holds, representing 6% of the company's total share capital, to natural person Chen Hui by agreement at a price of 24.54 yuan per share, for a total transfer price of approximately 420 million yuan. Before the transfer, Ganzhou Runcheng held 95.0653 million shares of Rongtai Shares, accounting for 33.32%, and the company's actual controllers Xia Chengliang, Zhu Yinghui, and Zhu Huaxia together held and controlled 53.68% of the shares. After the transfer is completed, Ganzhou Runcheng's shareholding will drop to 27.32%, and the actual controllers' combined shareholding will drop to 47.68%. Chen Hui had previously purchased 1.525 million shares of Rongtai Shares through the secondary market, with a shareholding ratio of 0.53%. After this transfer is completed, his shareholding ratio will rise to 6.53%, making him the company's third-largest shareholder. The transfer price will be paid in three installments, with funds coming from his own resources, and he has committed not to reduce his holdings within 12 months from the date of share transfer registration. Chen Hui is one of the actual controllers of Tianfulong, directly holding 15.74% of Tianfulong's shares. His spouse Zhu Daqing is Tianfulong's controlling shareholder and chairman, holding 55.62% of the shares. Rongtai Shares is mainly engaged in automotive aluminum alloy precision die-casting parts. In the first half of this year, it achieved operating revenue of 1.868 billion yuan, a year-on-year increase of 39.43%, and net profit attributable to the parent company of 87.8082 million yuan, a year-on-year decrease of 10.14%.