Antarctic E-commerce: intends to subscribe for equity investment partnership shares of Ningbo Black Ant No. 4 with no more than 50 million yuan.

Antarctic e-commerce announcement: It is proposed to act as one of the limited partners, jointly establish Ningbo Black Ant No. 4 Equity Investment Partnership Enterprise with the general partner Xiamen Yidaihong Enterprise Management Partnership Enterprise and other limited partners. It is planned to subscribe to the shares of Ningbo Black Ant No. 4 Equity Investment Partnership Enterprise with its own funds not exceeding 50 million yuan. The target scale of Ningbo Black Ant No. 4 Equity Investment Partnership Enterprise is 500 million yuan, and the company's contribution ratio is expected to be not more than 10%.