1. Zhejiang Gaoying Asset Management Co., Ltd. was established on June 29, 20 18, and its registered place is Malu Village, Qiandaohu Town, Chun 'an County, Hangzhou City, Zhejiang Province. Its business scope includes asset management, investment management, enterprise management, financial information consultation and other services.

2. Gaoling Capital Group is a company focusing on long-term structural value investment, which was founded by Mr. Zhang Lei in 2005. Since its inception, Gaoyan Capital has been positioned as a long-term investor from an independent investment perspective. The funds entrusted for management mainly come from long-term global institutional investors, including university endowment funds, charitable funds, sovereign wealth funds, pension funds and family funds. Zhejiang Gaoling Asset Management Co., Ltd. has nothing to do with Gaoling Capital.