Shenli Co., Ltd. announced that Mr. Chen Zhongwei, the controlling shareholder and actual controller of the company, signed a “Share Transfer Agreement” with Liaoning Weishu Enterprise Management Co., Ltd. and its co-operator Guangzhou Kangqi Asset Management Center - Kangqi Asset Zhiyuan No. 1 Private Equity Investment Fund. Mr. Chen Zhongwei plans to transfer his 47.9 million shares of the company's tradable shares with unlimited sales conditions to Liaoning Weishu and its co-operator Kangqi Asset Zhiyuan 1 under a price agreement of RMB 14.55 per share. The total consideration for the transfer is RMB 697,088,700. Among them, Liaoning Weishu plans to transfer 32.65 million tradable shares with unlimited conditions of sale, and Kangqi Asset Zhiyuan No. 1 plans to transfer 15,250,000 shares of unrestricted tradable shares. After the transfer of the above agreement is completed, Liaoning Weishu and its co-actors will hold a total of 47.9 million shares of the company, accounting for 22.00% of the company's total share capital. The controlling shareholder of the company will be changed to Liaoning Weishu, and the actual controller of the company will be changed to Wang Xue.

Shenli Co., Ltd. announced that Mr. Chen Zhongwei, the controlling shareholder and actual controller of the company, signed a “Share Transfer Agreement” with Liaoning Weishu Enterprise Management Co., Ltd. and its co-operator Guangzhou Kangqi Asset Management Center - Kangqi Asset Zhiyuan No. 1 Private Equity Investment Fund. Mr. Chen Zhongwei plans to transfer his holding 47.9 million shares of the company's tradable shares with unlimited sales conditions to Liaoning Weishu and its co-operator Kangqi Asset Zhiyuan 1 under a price agreement of RMB 14.55 per share. The total consideration for the transfer is RMB 697,088,700. Among them, Liaoning Weishu plans to transfer 32.65 million tradable shares with unlimited conditions of sale, and Kangqi Asset Zhiyuan No. 1 plans to transfer 15,250,000 shares of unrestricted tradable shares. After the transfer of the above agreement is completed, Liaoning Weishu and its co-actors will hold a total of 47.9 million shares of the company, accounting for 22.00% of the company's total share capital. The controlling shareholder of the company will be changed to Liaoning Weishu, and the actual controller of the company will be changed to Wang Xue.