Shenzhen Lingxian Semiconductor Industry Investment Co, Ltd.(“Lingxian Semiconductor”) subscribes for 53,436,000 non-public offering shares of Shenyang Commercial City Co., Ltd. (stock abbreviation: ST商业城, stock code: 600306, “Shenyang Commercial City”). After the non-public offering, Lingxian Semiconductor and persons acting in concert held a total of 87,647,649 shares and become the controlling shareholders of Shenyang Commercial City. On November 15, 2021, the application for the non-public issuance was approved by the Public Offering Review Committee of CSRC, and on December 10,2021, the Reply on Approving the Non-Public Offering of Shenyang Commercial City (《关于核准沈阳商业城股份有限公司非公开发行股票的批复》(证监许可(2021) 3835号)) is issued by CSRC. Entrusted by Lingxian Semiconductor, our Shenzhen Office is acting as PRC legal adviser for this transaction and provides legal services throughout the project.

The acquisition project was jointly completed by the Partner Mr. Chen Youchun, the Senior Associate Ms. Chen Xuanxuan and Ms. Huang Liyun based in JunZeJun Shenzhen Office.