Lizhong Group announced on December 29 that it plans to acquire 20% of the shares of MQP International Ltd., a holding subsidiary of Katherine Courtney Discretionary Trust, for a transaction amount of approximately £2,233,672.79. This equity acquisition transaction does not constitute a related transaction, nor does it constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Restructuring of Listed Companies”. The share acquisition transaction was reviewed and approved by the 36th meeting of the fifth board of directors of the company, and there is no need for review by the company's shareholders' meeting.

Lizhong Group announced on December 29 that it plans to acquire 20% of the shares of MQP International Ltd., a holding subsidiary of Katherine Courtney Discretionary Trust, for a transaction amount of approximately £2,233,672.79. This equity acquisition transaction does not constitute a related transaction, nor does it constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Restructuring of Listed Companies”. The share acquisition transaction was reviewed and approved by the 36th meeting of the fifth board of directors of the company, and there is no need for review by the company's shareholders' meeting.