New developments in Ke Xin: Lian Zongsheng and his concerted action parties increase their shareholding ratio to 34.76%.

Ke Xin Development Announcement, Lian Zongsheng subscribed to the shares issued by the company to specific objects in cash, with a total of 26.2521 million shares issued, with a subscription amount of RMB 301 million, and an issue price of RMB 11.48 per share. After this issuance, Lian Zongsheng and its concerted action persons Ke Xin Industry and Paide One Sheng collectively hold 100 million shares of the company, accounting for 34.76% of the total share capital of the company. Lian Zongsheng remains the actual controller of the company.