Shen'an Technology: plans to invest 51 million yuan in Zhejiang Dongchuang Fine Art Technology Co., Ltd., with a 51% stake.

Announcement from Shen'an Technology: it is planned to invest RMB 51 million in Zhejiang Dongchuang Fine Art Technology Co., Ltd. in the form of currency, of which RMB 50 million will be subscribed to Dongchuang Fine Art's new registered capital at RMB 1 per share; and RMB 1 million will be subscribed to the registered capital transfer rights transferred by Dongchuang Fine Arts' original shareholder Shenzhen Dongchuang at 0 cost. After this external investment transaction is completed, Dongchuang Fine Art's registered capital will increase to RMB 100 million. The company will hold 51% of Dongchuang Fine Art's shares, while Shenzhen Dongchuang will hold 49%, making Dongchuang Fine Arts a subsidiary of the company.