Xiamen Jihong Package Technology (02603): Chairman Wang Yapeng acquires 30% equity of Xi'an Dan Jun.

Xiamen Jihong Package Technology (02603) announced that its fully-owned subsidiary Xiamen Jike Ying Electronic Commerce Co., Ltd. (hereinafter referred to as "Xiamen Jike Ying") holds 60% of the equity of Xi'an Danjun Digital Technology Co., Ltd. (hereinafter referred to as "Xi'an Danjun"). In order to establish a sound long-term incentive mechanism for its subsidiaries, optimize the equity structure of its subsidiaries, and promote the sustainable development of its business operations, Xiamen Jike Ying intends to transfer 5% of its equity in Xi'an Danjun to the current Chairman of the company, Mr. Wang Yapeng, for RMB 1.8335 million. At the same time, other natural person shareholders of Xi'an Danjun, such as Fan Shuaishuai, intend to transfer 25% of their equity in Xi'an Danjun to Mr. Wang Yapeng for RMB 9.1674 million. According to the relevant provisions of the Company Law, the company has the right of first refusal for the transfer of the above-mentioned equity. Based on the operational situation and future development plans of Xi'an Danjun, the company intends to waive the right of first refusal for the aforementioned transfer of equity. After the completion of this equity transfer, Xiamen Jike Ying will hold 55% of the equity of Xi'an Danjun, Chairman Wang Yapeng will hold 30%, and other natural person shareholders will hold 15%. Xi'an Danjun will remain a subsidiary controlled by the company within the consolidated financial statements.