In order to optimize enterprise resources and integrate surplus industries, the supply-side structure was reformed. Essence Securities Co., Ltd. acquired Wuzhou Dongtai State-owned Assets Management Co., Ltd. Huarui Electric Appliance Co., Ltd., and the company continuously supervised opinions in 2121 and the first quarter of 2121. Co., Ltd. (hereinafter referred to as "Anxin Securities" and "Financial Consultant") was entrusted to be the financial consultant of the buyer of Wuzhou Dongtai State-owned Assets Management Co., Ltd. Agreement on the acquisition of Huarui Electric Appliance Co., Ltd. (hereinafter referred to as "Wuzhou Dongtai" and "Buyer"). Limited company (hereinafter referred to as "Huarui", "listed company" and "company"). According to the Securities Law of the People's Republic of China, Measures for the Administration of Acquisition of Listed Companies and other relevant regulations, Anxin Securities, as the financial consultant of this acquisition, constantly supervised the detailed changes in equity report of Huarui Electric Appliance Company. Limited company (hereinafter referred to as "equity change report") is published by Huarui Company.

1. The period from the date of the "report" (September 4, 2121) to 12 months after the completion of the acquisition. Through daily communication, combined with Huarui's annual report in 2121 and the report in the first quarter of 2121, he announced the continuous supervision period of financial advisers from September 4, 2121 to March 31, 2121 (hereinafter referred to as the "report"). In this acquisition transaction, Wuzhou Dongtai transferred 18,433,125 shares of listed companies held by Sun Ruixiang (accounting for 11.24% of the total share capital of listed companies) and 1,138,321 shares of listed companies held by Zhang Yijun (accounting for 1.58% of the total share capital of listed companies) through agreement. At the same time, Sun Ruiliang transferred 3,451,155 shares of the listed company held by Sun Ruiliang (accounting for 19.17% of the total share capital of the listed company) and entrusted Wuzhou Dongtai to exercise its voting rights. After the equity transfer, Wuzhou Dongtai holds 19,471,445 shares of Huarui, accounting for 11.82% of the total share capital of listed companies, with voting rights of 29.99%.

2. Become the controlling shareholder of Huarui, and the State-owned Assets Supervision and Administration Commission of Wuzhou Municipal People's Government becomes the actual manager of Huarui. On October 31, 2121, Huarui Company. Ltd has received the certificate issued by China Securities Depository and Clearing Co., Ltd.. According to the confirmation registration of securities transfer registration, the registration procedures of share transfer have been completed, and the transfer date is October 29, 2121. The financial adviser believes that the equity transfer procedures involved in this acquisition have been completed according to law, and listed companies have implemented information disclosure procedures according to law. The corporate governance and standardized operation have been verified. During the continuous supervision, the shareholders' meeting, the board of directors and the board of supervisors of Huarui Company were held. Co., Ltd. operates independently, and Wuzhou Dongtai and its related parties do not harm the interests of listed companies. Wuzhou Dongtai and Huarui Co., Ltd. Co., Ltd. operates in accordance with the provisions of China Securities Regulatory Commission on corporate governance and the listing rules of Shenzhen Stock Exchange, and does not violate the relevant provisions of corporate governance and internal control system. The purchaser has made public commitments in accordance with the detailed equity change report, and Wuzhou Dongtai has made relevant commitments to maintain the independence of Huarui shares, avoid horizontal competition, and reduce and standardize the association.