1. What is the template for the letter of intent for equity transfer? The template for the letter of intent for equity transfer is as follows: This letter of intent is signed by the following parties on [ ] on ____ month ____, ____ year: ________( Party A’s name) (“Party A”), a company legally established and validly existing in accordance with the laws of ______, with its registered address at ______; and ______ (Party B’s name) (“Party B”), a company legally established and existing in accordance with the laws of ______ A legally established and validly existing company, its registered address is ______. Party A and Party B are collectively referred to as the “Parties” and individually as a “Party”. Whereas: 1. [ ] ("Company"), an enterprise (company) legally established and existing in accordance with the laws of the People's Republic of China, with its main place of business located at [ ]; 2. Party B owns shares of company [ ]; and 3. Party A hopes to purchase [ ] (all, part) of the shares it owns in the company from Party B. Therefore, both parties express their absolute consent for Party A to purchase its equity interests in [ ] (the "Company") (hereinafter referred to as the "equity transfer") to Party B as follows: 1. Term Unless both parties agree in writing to extend the term of this letter of intent, This letter of intent and its contents and conditions will be valid for [( ) years] from the date of signature. 2. Main intention The main intention of both parties within this period is to determine, follow up, resolve and agree on all matters related to the equity transfer, and to sign such matters in the form of a formal agreement. Such formal agreement is appropriate and accepted at the sole discretion of the parties. 3. Preliminary Agreement 3.1 Equity Transfer Party A shall sign an equity transfer agreement with Party B and purchase 100% of all equity interests owned by Party B in ______ (name of target company) ("Company") at the price specified in Article 3.2 ____(). 3.2 Purchase price The parties have initially agreed that the purchase price for the equity transfer is approximately _____. The final price will be determined by further agreement between the two parties based on the results of the prudent investigation conducted by Party A in accordance with Article 3.5. 3.3 Non-competition After the equity transfer is completed, Party B and its affiliated companies shall not directly or indirectly manufacture, sell and distribute ______, nor shall they engage in any activities that compete with ______. 3.4 Trademark 3.5 Prudent Investigation Both parties agree that after signing this letter of intent, Party A will conduct a complete tax, financial and legal prudential investigation on Party B regarding the equity transfer. Party B shall provide all necessary assistance for this complete due diligence investigation, especially (but not limited to) providing necessary documents and information. 3.6 Approval Party B shall be responsible for obtaining all necessary approvals from relevant government agencies as required by the laws and regulations of the People's Republic of China on the equity transfer. 4. Exclusivity The parties hereby agree that during the term of this letter of intent, the negotiations on the equity transfer between the parties will be exclusive, and they will not contact, negotiate or interact with any third party that has expressed or may express interest in the equity transfer. The third party reaches an agreement. 5. Reservation of rights: Both parties reserve their independent and absolute rights to reject any or all proposals and to terminate discussions and negotiations with the other party on equity transfer at any time. 6. Confidentiality Both parties shall receive and keep this letter of intent and all information that is marked as owned or confidential by the other party at the time of provision, and their use shall be limited to the relevant equity transfer, without any other party retaining ownership of the information or confidential information. This information may not be published or disclosed without the prior written consent of a party.

7. Time schedule for the implementation of this Letter of Intent 7.1 After the signing of this Letter of Intent, both parties or parties shall take immediate action to implement this Letter of Intent according to the following time schedule: (1) ____ year ____ month ____ to ____ year Completion of due diligence on ____month____; (2) Further negotiations from ____month____, ____year to ____month____, ____year; (3) ____year___ Draft the equity transfer agreement from ____ month ____ to ____ month ____; (4) ____ month ____ to ____ year ____ month ____ Sign the equity transfer agreement and other documents on ____year____month____ to ____year____month____ with the approval of the approval authority 7.2 This letter of intent should be approved by the boards of directors of both parties respectively . 8. Best Efforts Both parties hereby promise to use their best efforts to complete the goals of this letter of intent and reach a legally binding agreement on the equity transfer. 9. Claims Regardless of the other provisions of this letter of intent, if the two parties fail to sign a formal and legally binding agreement to complete the equity transfer when the time limit mentioned in Article 1 expires, or this letter of intent is terminated in accordance with Article 5 terminated, this Letter of Intent will be deemed terminated. After the letter of intent is terminated, neither party may claim damages, compensation, costs or other expenses from the other party. However, the confidentiality obligations stipulated in Article 6 shall remain in effect and shall not be affected by this Article. 10. Others This letter of intent is made in duplicate and each party shall keep one copy. (No text below) Representative of Party A: Telephone: Date of signing: Representative of Party B: Telephone: Date of signing: In summary, if both parties decide to draft a letter of intent to transfer equity, they must at least include the following items listed in the template above: This is a basic clause to protect the rights and interests of both parties. Of course, if you want to transfer equity, it is best to find a legal institution or lawyer to draft it on your behalf to ensure that your rights and interests are not infringed. You can also add other unfinished matters to the draft. .