Hainan Development: Plans to acquire 51% equity of Net Wises Technology, with the estimated transaction amount not exceeding 450 million yuan.

Hainan Development Announcement: The company has signed a "Letter of Intent for Acquisition" with the controlling shareholders Yuan Zhenxing and Fu Yuanyuan, a couple from Hangzhou NetWin Technology Co., Ltd. The company plans to acquire 51% of the shares of NetWin Technology held by the original controlling shareholders Yuan Zhenxing and Fu Yuanyuan, including the couple, through cash payment, with the total transaction amount not exceeding 450 million RMB. After the completion of the transaction, NetWin Technology will become a subsidiary of the company. NetWin Technology's total assets at the end of 2024 are approximately 959 million RMB, with net assets of approximately 430 million RMB, and a net profit of approximately 50 million RMB in 2024.