Several shareholders of Yiyi Co. plan to transfer 7% of shares by agreement at 17 yuan per share

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Yiyi Co. announced that its controlling shareholder and actual controller Gao Fuzhong, Gao Jian, shareholder holding more than 5% Lu Junmei and her concert party Lu Junjiang, as well as directors Gao Bin, Yang Bingfa and Zhang Jian, have signed a Share Transfer Agreement with Suqian Zhurong Investment Partnership. The above shareholders plan to transfer a total of 12.95 million shares by agreement at a price of 17 yuan per share, accounting for 7% of the company's total share capital, with a total transfer price of 220 million yuan. After the completion of this transfer, Suqian Zhurong will become a shareholder holding more than 5% of Yiyi Co.

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Suqian Zhurong Investment Partnership is the buyer acquiring 12.95 million shares (7%) of Yiyi Co. for 220 million yuan.