Peak Jing Group: Termination of 5.81% share transfer.

Fengjing shares announcement, shareholder Germany Weikawei with more than 5% of the shares terminated the share transfer agreement with Ningbo Hutong Private Equity Fund Management Partnership Enterprise - Hutong Jinbaoli Private Equity Securities Investment Fund and Wei Yi Private Equity Fund Management Co., Ltd. - Wei Yi Zhuyuan Sanhao Private Equity Securities Investment Fund. Germany Weikawei originally planned to transfer its 87.1839 million shares of the company, accounting for 5.81% of the total shares, to Hutong Fund and Wei Yi Fund respectively. Due to changes in the objective market environment, the two parties mutually agreed to terminate the agreement. The termination will not change the company's controlling shareholder or actual controller, nor will it have a significant impact on the company's governance structure and ongoing operations.