<SEC-DOCUMENT>0001013762-23-001154.txt : 20231003
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<ACCEPTANCE-DATETIME>20231003163013
ACCESSION NUMBER:		0001013762-23-001154
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20230927
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20231003
DATE AS OF CHANGE:		20231003

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CBAK Energy Technology, Inc.
		CENTRAL INDEX KEY:			0001117171
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				880442833
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32898
		FILM NUMBER:		231304244

	BUSINESS ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, MEIGUI STREET
		STREET 2:		HUAYUANKOU ECONOMIC ZONE
		CITY:			DALIAN
		STATE:			F4
		ZIP:			116422
		BUSINESS PHONE:		(86)(411)6251-0619

	MAIL ADDRESS:	
		STREET 1:		BAK INDUSTRIAL PARK, MEIGUI STREET
		STREET 2:		HUAYUANKOU ECONOMIC ZONE
		CITY:			DALIAN
		STATE:			F4
		ZIP:			116422

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHINA BAK BATTERY INC
		DATE OF NAME CHANGE:	20050214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDINA COFFEE INC
		DATE OF NAME CHANGE:	20000626
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>UNITED STATES<br />
SECURITIES AND EXCHANGE COMMISSION<br />
WASHINGTON, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>FORM <span id="xdx_904_edei--DocumentType_c20230927__20230927_zfo4d2IfWTUb"><ix:nonNumeric contextRef="AsOf2023-09-27" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>CURRENT REPORT</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>PURSUANT TO SECTION 13 OR 15(d)<br />
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><i>(Address, including zip code, of principal executive
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><i>(Registrant&#8217;s telephone number, including
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><i>(Former name or former address, if changed since
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Securities registered or to be registered pursuant
to Section 12(b) of the Act:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

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<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_903_edei--WrittenCommunications_c20230927__20230927_zBhAvC0apyG8"><ix:nonNumeric contextRef="AsOf2023-09-27" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#9744;</ix:nonNumeric></span></span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

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<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_901_edei--SolicitingMaterial_c20230927__20230927_zy3B6G4I7lLk"><ix:nonNumeric contextRef="AsOf2023-09-27" format="ixt:booleanfalse" name="dei:SolicitingMaterial">&#9744;</ix:nonNumeric></span></span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

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communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"></p>

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<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_edei--PreCommencementIssuerTenderOffer_c20230927__20230927_zfhPf3jOkgX6"><ix:nonNumeric contextRef="AsOf2023-09-27" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#9744;</ix:nonNumeric></span></span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule&#160;405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2 of the Securities
Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&#160;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the registrant
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to Section&#160;13(a)&#160;of the Exchange Act. &#9744;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Equity Transfer Agreement </i></b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On September 27, 2023, Nanjing CBAK New Energy Technology Co., Ltd.
(&#8220;Nanjing CBAK&#8221;), a wholly-owned subsidiary of CBAK Energy Technology, Inc. (the &#8220;Company&#8221;) in China, entered
into an Equity Transfer Agreement (the &#8220;Equity Transfer Agreement&#8221;) with Shenzhen BAK Battery Co., Ltd. (&#8220;BAK Battery&#8221;),
under which BAK Battery shall sell a five percent (5%) equity interest in Shenzhen BAK Power Battery Co., Ltd. (&#8220;BAK Power&#8221;)
to Nanjing CBAK for a purchase price of RMB260 million (approximately $35.57 million) (the &#8220;Target Equity&#8221;). Pursuant to the
terms of the Equity Transfer Agreement, Nanjing CBAK will pay the Target Equity in three (3) installments as follows: (i) RMB40 million
due prior to December 31, 2023; (ii) RMB90 million due prior to September 30, 2024, and (iii) the remaining Target Equity balance of RMB130
million due following BAK Battery&#8217;s successful transfer to Nanjing CBAK of the five percent (5%) equity interest in BAK Power. Upon
Nanjing CBAK having paid RMB130 million of the Target Equity, the parties shall work together to complete the registration of equity change
with the local governmental authorities. Neither BAK Battery, nor BAK Power, is related to the Company.</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The&#160;Equity Transfer Agreement&#160;contains customary representations,
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company expects to strengthen its competitiveness in the cylindrical
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing description of the Equity Transfer Agreement does not
purport to be complete and is qualified in its entirety by reference to the full text of such agreement, a copy of which is attached hereto
as Exhibit 10.1 and is incorporated herein by reference.</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Equity Transfer Contract</i></b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On September 27, 2023, Zhejiang Hitrans Lithium Technology Co., Ltd.
(&#8220;Hitrans&#8221;), a majority-owned subsidiary of the Company in China, entered into an Equity Transfer Contract (the &#8220;Equity
Transfer Contract&#8221;) with Shengyang Xu, pursuant to which Hitrans will initially acquire a 26% equity interest in Zhejiang Shengyang
Renewable Resources Technology Co., Ltd. (&#8220;Zhejiang Shengyang&#8221;) from Shengyang Xu, an individual who currently holds 97% of
Zhejiang Shengyang, for a price of RMB28.6 million (approximately $3.9 million) (the &#8220;Initial Acquisition&#8221;). Hitrans shall
pay the Initial Acquisition price in two (2) installments as follows: (i) 50% of the price due within five (5) business days following
the execution of the Equity Transfer Contract and satisfaction of other conditions precedent set forth in the same; and (ii) the remaining
50% of the price due within five (5) business days following Shengyang Xu&#8217;s successful transfer to Hitrans of the 26% equity interest
in Zhejiang Shengyang. Within fifteen (15) business days after Hitrans has paid 50% of the price, or RMB14.3 million, the parties shall
complete the registration of equity change with the local governmental authorities.</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Within three (3) months following the Initial Acquisition, Shengyang
Xu shall transfer an additional 44% equity interest in Zhejiang Shengyang to Hitrans at the same price per share as that of the Initial
Acquisition (the &#8220;Follow-on Acquisition&#8221;). The parties shall enter into another agreement to detail the terms of the Follow-on
Acquisition. Neither Shengyang Xu, nor Zhejiang Shengyang, is related to the Company.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The&#160;Equity Transfer Contract&#160;contains customary representations,
warranties and covenants, conditions precedent, non-competition, indemnification and termination provisions.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company expects this investment to help stabilize aspects of its
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing description of the Equity Transfer Contract does not
purport to be complete and is qualified in its entirety by reference to the full text of such agreement, a copy of which is attached hereto
as Exhibit 10.2 and is incorporated herein by reference.</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>ITEM&#160;3.01. NOTICE OF DELISTING OR FAILURE
TO SATISFY A CONTINUED LISTING&#160;RULE OR STANDARD; TRANSFER OF LISTING</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Nasdaq Bid&#160;Price Deficiency&#160;Notice</i></b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On September 27, 2023, the Company received a letter (the &#8220;Bid&#160;Price
Deficiency&#160;Notice&#8221;) from the listing qualifications department staff of The Nasdaq Stock Market (&#8220;Nasdaq&#8221;) indicating
that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued
listing on The Nasdaq Capital Market (the &#8220;Bid Price Requirement&#8221;).</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Bid&#160;Price Deficiency&#160;Notice has no immediate effect on
the listing of the Company&#8217;s common stock, and the Company&#8217;s common stock continues to trade on the Nasdaq Capital Market
under the symbol &#8220;CBAT.&#8221;</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In accordance with Nasdaq listing rule 5810(c)(3)(A), the Company has
180 calendar days from the date of the Bid&#160;Price Deficiency&#160;Notice, or until March 25, 2024, to regain compliance with respect
to the Bid Price Requirement. The Bid&#160;Price Deficiency&#160;Notice states that to regain compliance with the Bid Price Requirement,
the closing bid price of the Company&#8217;s common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business
days during the compliance period ending March 25, 2024.</p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the Company fails to regain compliance with the Bid Price Requirement
by March 25, 2024, the Company may be eligible for an additional 180-day compliance period to demonstrate compliance with the Bid Price
Requirement. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares
and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Bid Price Requirement, and will need
to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse
stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance with the Bid
Price Requirement during the second 180-day period, Nasdaq will notify the Company of its determination to delist the common stock, at
which point the Company would have an opportunity to appeal the delisting determination to a Hearings Panel.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company intends to actively monitor the closing bid price of the
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and regain compliance with the Bid Price Requirement. While the Company is exercising diligent efforts to maintain the listing of its
common stock on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>ITEM 8.01. OTHER EVENTS</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On September 28, 2023, the Company issued a press release announcing
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

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<td style="width: 0in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</span></td><td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibits</span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <td style="border-bottom: black 1.5pt solid; white-space: nowrap; width: 90%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Description</b></span></td></tr>
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    <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</span></td>
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    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><a href="ea186191ex10-1_cbakenergy.htm">English translation of Equity Transfer Agreement relating to Nanjing CBAK New Energy Technology Co., Ltd.&#8217;s investment in Shenzhen BAK Power Battery Co., Ltd., dated September 27, 2023</a></span></td></tr>
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    <td><a href="ea186191ex10-2_cbakenergy.htm"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">English translation of Equity Transfer Contract relating to Zhejiang Hitrans Lithium Technology Co., Ltd.&#8217;s investment in Zhejiang Shengyang Renewable Resources Technology Co., Ltd., dated September 27, 2023</span></a></td></tr>
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><i>***</i></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Forward-Looking Statements</i></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white">Certain statements in this Current
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statements include, without limitation, the anticipated timing of the completion of the BAK Power and Zhejiang Shengyang acquisitions
and the respective benefits thereof. These and other forward-looking statements are subject to risks, uncertainties and other factors
that could cause actual results to differ materially from those statements. Such risks and uncertainties are, in many instances, beyond
the Company&#8217;s control. Forward-looking statements, which are presented as of the date of this filing, will not be updated to reflect
events or circumstances after the date of this report except as required by law.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURE</b></p>

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
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    <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date: October 3, 2023</span></td>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

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<DESCRIPTION>ENGLISH TRANSLATION OF EQUITY TRANSFER AGREEMENT RELATING TO NANJING CBAK NEW ENERGY TECHNOLOGY CO., LTD.'S INVESTMENT IN SHENZHEN BAK POWER BATTERY CO., LTD., DATED SEPTEMBER 27, 2023
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#28145;&#22323;&#27604;&#20811;&#30005;&#27744;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#19982;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#21335;&#20140;&#20013;&#27604;&#26032;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#20851;&#20110;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#28145;&#22323;&#24066;&#27604;&#20811;&#21160;&#21147;&#30005;&#27744;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#20043;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#12298;&#32929;&#26435;&#36716;&#35753;&#21327;&#35758;&#12299;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Equity Transfer Agreement </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Regarding</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Shenzhen BAK Power Battery Co., Ltd. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>between</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>and</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Nanjing CBAK New Energy Technology Co., Ltd.
</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>2023&#24180;9&#26376;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>September 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#32929;&#26435;&#36716;&#35753;&#21327;&#35758;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Equity Transfer Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#30001;&#20197;&#19979;&#21508;&#26041;&#20110;</FONT>2023<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>27<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#22312;&#28145;&#22323;&#24066;&#22823;&#40527;&#26032;&#21306;&#31614;&#32626;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">This agreement is executed by
and between the parties below in Dapeng New District, Shenzhen City on September 27, 2023:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>&#30002;&#26041;&#65288;&#36716;&#35753;&#26041;&#65289;&#65306;&#28145;&#22323;&#24066;&#27604;&#20811;&#30005;&#27744;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>Party A (Transferor): Shenzhen
BAK Battery Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>&#20057;&#26041;&#65288;&#21463;&#35753;&#26041;&#65289;&#65306;
&#21335;&#20140;&#20013;&#27604;&#26032;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>Party B (Transferee): Nanjing
CBAK New Energy Technology Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>&#19993;&#26041;&#65288;&#26631;&#30340;&#20844;&#21496;&#65289;&#65306;&#28145;&#22323;&#24066;&#27604;&#20811;&#21160;&#21147;&#30005;&#27744;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>Party C (Target Company):
Shenzhen BAK Power Battery Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>&#37492;&#20110;&#65306;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in"><B>Whereas:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12289;&#30002;&#26041;&#25345;&#26377;&#28145;&#22323;&#24066;&#27604;&#20811;&#21160;&#21147;&#30005;&#27744;&#26377;&#38480;&#20844;&#21496;&#65288;&#20197;&#19979;&#31616;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26631;&#30340;&#20844;&#21496;&#25110;&#27604;&#20811;&#21160;&#21147;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32929;&#26435;&#65292;&#31995;&#27604;&#20811;&#21160;&#21147;&#30340;&#32929;&#19996;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1. Party A holds the equity
of Shenzhen BAK Power Battery Co., Ltd. (hereinafter referred to as the &ldquo;Target Company&rdquo; or &ldquo;BAK Power&rdquo;) and is
a shareholder of BAK Power;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12289;&#20057;&#26041;&#31995;&#20027;&#35201;&#29983;&#20135;&#30967;&#37240;&#38081;&#38146;&#22278;&#26609;&#20135;&#21697;&#30005;&#27744;&#30340;&#30005;&#27744;&#21046;&#36896;&#20225;&#19994;&#65292;&#19982;&#22269;&#20869;&#12289;&#22269;&#38469;&#30693;&#21517;&#21378;&#21830;&#24314;&#31435;&#38271;&#26399;&#31283;&#23450;&#30340;&#25112;&#30053;&#21512;&#20316;&#20851;&#31995;&#12290;&#20057;&#26041;&#22312;&#20135;&#21697;&#21046;&#36896;&#12289;&#24066;&#22330;&#25299;&#23637;&#19978;&#65292;&#19982;&#30002;&#26041;&#12289;&#19993;&#26041;&#20855;&#26377;&#39640;&#24230;&#30340;&#20114;&#34917;&#24615;&#19982;&#21327;&#21516;&#24615;&#65307;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2. Party B is a battery manufacturing
enterprise that mainly produces cylindrical lithium iron phosphate batteries, and has established long-term and stable strategic cooperative
relationships with well-known domestic and international manufacturers. Party B is highly complementary and synergistic with Party A and
Party C in product manufacturing and market expansion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt"><B>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12289;&#19993;&#26041;&#31995;&#19987;&#19994;&#29983;&#20135;&#19977;&#20803;&#31995;&#21015;&#12289;&#30967;&#37240;&#38081;&#38146;&#31995;&#21015;&#31561;&#22278;&#26609;&#20135;&#21697;&#19982;&#26041;&#22411;&#30005;&#27744;&#20135;&#21697;&#30340;&#19987;&#19994;&#21270;&#20844;&#21496;&#65292;&#20855;&#26377;&#23436;&#25972;&#30340;&#30740;&#21457;&#12289;&#20135;&#21697;&#24320;&#21457;&#12289;&#20135;&#21697;&#21046;&#36896;&#31561;&#20135;&#19994;&#21270;&#23454;&#26045;&#33021;&#21147;&#12290;</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">3. Party C is a company specialized
in the production of ternary series, lithium iron phosphate series and other cylindrical and prismatic battery products, and has capabilities
to implement completed R&amp;D, product development, product manufacturing and other related industrialization processes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#37492;&#20110;&#19977;&#26041;&#22312;&#26410;&#26469;&#20135;&#21697;&#24320;&#21457;&#21450;&#24066;&#22330;&#25299;&#23637;&#19978;&#23454;&#29616;&#20114;&#21033;&#20849;&#36194;&#12289;&#25112;&#30053;&#21327;&#21516;&#30340;&#20849;&#21516;&#38656;&#27714;&#65292;&#20057;&#26041;&#25311;&#25353;&#29031;<B>&#26631;&#30340;&#20844;&#21496;</B>&#20272;&#20540;</FONT>52<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20159;&#20803;&#65292;&#21463;&#35753;&#30002;&#26041;&#25152;&#25345;&#26377;&#19993;&#26041;</FONT>5%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32929;&#26435;&#65292;&#32463;&#19977;&#26041;&#21451;&#22909;&#21327;&#21830;&#65292;&#36798;&#25104;&#22914;&#19979;&#21327;&#35758;&#65306;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">In view of the common needs
of the parties hereto to achieve mutual benefit and strategic synergy in future product development and market expansion, Party B intends
to accept the transfer of 5% of Party C&rsquo;s equity held by Party A based on the <B>Target Company</B>&rsquo;s valuation of CNY 5.2 billion. Through
friendly negotiation between the parties hereto, the following agreement has been reached:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#31532;&#19968;&#26465;
&#32929;&#26435;&#36716;&#35753;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Article I&nbsp;Equity Transfer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1&#12289;&#32463;&#19977;&#26041;&#21327;&#21830;&#65292;&#26631;&#30340;&#20844;&#21496;&#25353;52&#20159;&#20803;&#20154;&#27665;&#24065;&#30340;&#25972;&#20307;&#20272;&#20540;&#65292;&#30002;&#26041;&#23558;&#25152;&#25345;&#19993;&#26041;5%&#32929;&#26435;&#36716;&#35753;&#32473;&#20057;&#26041;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1.&nbsp;Through
negotiation between the parties hereto, Party A shall transfer 5% of Party C&rsquo;s equity held by Party A to Party B based on the Target
Company&rsquo;s overall valuation of CNY 5.2 billion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&#12289;&#19977;&#26041;&#21516;&#24847;&#65292;&#26412;&#21327;&#35758;&#39033;&#19979;&#20057;&#26041;&#24212;&#20184;&#30002;&#26041;&#32929;&#26435;&#36716;&#35753;&#27454;2.6&#20159;&#20803;&#20154;&#27665;&#24065;&#65292;&#20057;&#26041;&#21487;&#20197;&#37319;&#29992;&#20998;&#26399;&#25903;&#20184;&#32929;&#26435;&#21463;&#35753;&#27454;&#30340;&#26041;&#24335;&#20104;&#20197;&#25903;&#20184;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2.&nbsp;The
parties hereto agree that Party B shall pay CNY 260 million to Party A for equity transfer hereunder, and Party B may make such payment
in installments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&#12289;&#26631;&#30340;&#32929;&#26435;&#36716;&#35753;&#23436;&#25104;&#21518;&#65292;&#20057;&#26041;&#25345;&#26377;&#26631;&#30340;&#20844;&#21496;5%&#30340;&#32929;&#26435;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&nbsp;.&nbsp;After the transfer
of the Target Equity, Party B shall hold 5% of the Target Company&rsquo;s equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&#31532;&#20108;&#26465; &#20184;&#27454;&#23433;&#25490;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt"><B>Article II&nbsp;Payment Schedule</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1&#12289;&#31532;&#19968;&#31508;&#20184;&#27454;&#23433;&#25490;&#65306;2023&#24180;12&#26376;31&#26085;&#21069;&#20184;&#27454;4000&#19975;&#20803;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1. First installment: CNY 40
million shall be paid before December 31, 2023;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&#12289;&#31532;&#20108;&#31508;&#20184;&#27454;&#23433;&#25490;&#65306;2024&#24180;9&#26376;30&#26085;&#21069;&#20877;&#25903;&#20184;9000&#19975;&#20803;&#65307;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2. Second installment: Another
CNY 90 million shall be paid before September 30, 2024;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">3&#12289;&#31532;&#19977;&#31508;&#20184;&#27454;&#23433;&#25490;&#65306;&#26631;&#30340;&#20844;&#21496;5%&#22312;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#21150;&#29702;&#23436;&#27605;&#36807;&#25143;&#30331;&#35760;&#21518;&#25903;&#20184;&#21097;&#20313;&#32929;&#26435;&#27454;&#39033;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">3. Third installment: The rest
thereof shall be paid after the transfer registration procedure for such 5% of the Target Company&rsquo;s equity is completed with the
State Administration for Market Regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#31532;&#19977;&#26465;
&#20132;&#21106;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Article III&nbsp;Delivery</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&#21452;&#26041;&#21516;&#24847;&#65292;&#30002;&#26041;&#12289;&#26631;&#30340;&#20844;&#21496;&#24212;&#22312;&#32929;&#26435;&#36716;&#35753;&#27454;&#25903;&#20184;&#23436;&#25104;1.3&#20159;&#20803;&#21518;&#21327;&#21830;&#20855;&#20307;&#26102;&#38388;&#65292;&#21521;&#24037;&#21830;&#31649;&#29702;&#37096;&#38376;&#30003;&#35831;&#21150;&#29702;&#26412;&#27425;&#32929;&#26435;&#36716;&#35753;&#30340;&#24037;&#21830;&#21464;&#26356;&#30331;&#35760;&#21644;&#22791;&#26696;&#25163;&#32493;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">The Parties hereto agree that
Party A and the Target Company shall determine a specific time after the payment of CNY 130 million for equity transfer through negotiation
and apply to the administration for industry and commerce for the change registration and filing regarding the equity transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.1pt"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#31532;&#22235;&#26465;
&#36807;&#28193;&#26399;&#20041;&#21153;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Article IV&nbsp;Obligations
during the Transition Period</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1&#12289;&#33258;&#26412;&#21327;&#35758;&#31614;&#32626;&#20043;&#26085;&#36215;&#33267;&#26412;&#21327;&#35758;&#23653;&#34892;&#23436;&#27605;&#20043;&#26085;&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;&#23436;&#25104;&#26085;&rdquo;&#65289;&#30340;&#36830;&#32493;&#26399;&#38388;&#65288;&#31616;&#31216;&ldquo;&#36807;&#28193;&#26399;&rdquo;&#65289;&#20869;&#65292;&#30002;&#26041;&#24212;&#30830;&#20445;&#26631;&#30340;&#20844;&#21496;&#25353;&#29031;&#19982;&#20197;&#24448;&#24815;&#20363;&#19968;&#33268;&#30340;&#26041;&#24335;&#20174;&#20107;&#26085;&#24120;&#32463;&#33829;&#27963;&#21160;&#65292;&#24182;&#30830;&#20445;&#26412;&#21327;&#35758;&#30340;&#38472;&#36848;&#21644;&#20445;&#35777;&#20110;&#36807;&#28193;&#26399;&#38388;&#20173;&#28982;&#26159;&#30495;&#23454;&#12289;&#23436;&#25972;&#12289;&#20934;&#30830;&#19988;&#26080;&#35823;&#23548;&#65292;&#22914;&#21516;&#35813;&#38472;&#36848;&#21644;&#20445;&#35777;&#26159;&#19982;&#36807;&#28193;&#26399;&#21069;&#25152;&#20316;&#20986;&#30340;&#20445;&#25345;&#19968;&#33268;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1.&nbsp;During
the continuous period (hereinafter referred to as the &ldquo;Transition Period&rdquo;) from the date of signing to the date of completion
of performing this Agreement (hereinafter referred to as the &ldquo;Date of Completion&rdquo;), Party A shall ensure that the Target Company
conducts its daily business activities as usual. The representations and warranties of this Agreement are still true, complete, accurate,
and not misleading during the Transition Period, just as they were made before the Transition Period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&#12289;&#30002;&#26041;&#24212;&#30830;&#20445;&#26631;&#30340;&#20844;&#21496;&#22312;&#36807;&#28193;&#26399;&#20869;&#37319;&#21462;&#19968;&#20999;&#21512;&#29702;&#30340;&#25514;&#26045;&#20445;&#23384;&#21644;&#20445;&#25252;&#20854;&#36164;&#20135;&#65292;&#23613;&#26368;&#22823;&#21162;&#21147;&#20351;&#20854;&#27491;&#24120;&#32463;&#33829;&#12289;&#33829;&#19994;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2.&nbsp;Party
A shall ensure that the Target Company takes all reasonable measures to preserve and protect its assets during the Transition Period and
try its best to guarantee its normal operation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#31532;&#20116;&#26465;
&#39118;&#38505;&#25215;&#25285;&#21450;&#34917;&#20607;&#32422;&#23450;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Article V&nbsp;Agreement
on Risks and Compensation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1&#12289;&#30002;&#26041;&#21521;&#20057;&#26041;&#29305;&#21035;&#25215;&#35834;&#65306;&#20219;&#20309;&#22312;&#23436;&#25104;&#26085;&#20043;&#21069;&#21457;&#29983;&#30340;&#65292;&#19982;&#26631;&#30340;&#20844;&#21496;&#30340;&#19994;&#21153;&#12289;&#27963;&#21160;&#30456;&#20851;&#30340;&#65292;&#25152;&#26377;&#26410;&#21521;&#20057;&#26041;&#26126;&#30830;&#25581;&#31034;&#30340;&#36127;&#20538;&#65292;&#25110;&#27424;&#32564;&#31246;&#27454;&#30340;&#28508;&#22312;&#31246;&#21153;&#36131;&#20219;&#39118;&#38505;&#65288;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#33258;&#36523;&#32435;&#31246;&#12289;&#32564;&#36153;&#12289;&#20195;&#25187;&#25187;&#32564;&#20219;&#20309;&#31246;&#36153;&#31561;&#65289;&#25110;&#29992;&#24037;&#21450;&#31038;&#20250;&#20445;&#38505;&#21644;&#20303;&#25151;&#20844;&#31215;&#37329;&#20538;&#21153;&#39118;&#38505;&#65292;&#25110;&#19994;&#21153;&#32463;&#33829;&#36164;&#36136;&#21450;&#21512;&#35268;&#36131;&#20219;&#39118;&#38505;&#65292;&#21450;&#20854;&#20182;&#21487;&#33021;&#23384;&#22312;&#30340;&#20219;&#20309;&#19981;&#21512;&#27861;&#21512;&#35268;&#34892;&#20026;&#30340;&#27665;&#20107;&#12289;&#34892;&#25919;&#12289;&#21009;&#20107;&#36131;&#20219;&#12289;&#22788;&#32602;&#39118;&#38505;&#65292;&#22343;&#30001;&#30002;&#26041;&#25353;&#29031;&#26412;&#21327;&#35758;&#31614;&#32626;&#21069;&#30340;&#25345;&#32929;&#27604;&#20363;&#25215;&#25285;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1.&nbsp;Party
A hereby makes a special commitment to Party B that: Party A shall be responsible for any liabilities that have not been clearly disclosed
to Party B, occurred before the Date of Completion, and are related to the business and activities of the Target Company, the potential
liability risks of unpaid taxes (including but not limited to the payment of taxes, fees, withholding of any taxes, etc.), the debt risks
of employment, social insurance and housing provident fund, the risks of business qualification and compliance, and any other possible
civil, administrative, criminal liabilities and punishment risks due to illegal compliance, in proportion to Party A&rsquo;s shareholding of
the Target Company before it signs this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&#12289;&#33509;&#26631;&#30340;&#20844;&#21496;&#22240;&#23436;&#25104;&#26085;&#20043;&#21069;&#30340;&#19978;&#36848;&#20107;&#30001;&#32780;&#36973;&#21463;&#22788;&#32602;&#25110;&#31532;&#19977;&#26041;&#32034;&#36180;&#25439;&#22833;&#65292;&#20174;&#32780;&#23548;&#33268;&#20057;&#26041;&#20316;&#20026;&#32929;&#19996;&#36973;&#21463;&#25439;&#22833;&#65292;&#25110;&#32773;&#23548;&#33268;&#20057;&#26041;&#22240;&#27492;&#32780;&#36973;&#21463;&#30452;&#25509;&#22788;&#32602;&#25110;&#34987;&#31532;&#19977;&#26041;&#32034;&#36180;&#25439;&#22833;&#65292;&#30002;&#26041;&#24212;&#34917;&#20607;&#20057;&#26041;&#22240;&#27492;&#30452;&#25509;&#21450;/&#25110;&#38388;&#25509;&#36973;&#21463;&#21450;&#25215;&#25285;&#30340;&#25152;&#26377;&#25439;&#22833;&#12289;&#36131;&#20219;&#12289;&#25104;&#26412;&#12289;&#36153;&#29992;&#21644;&#25903;&#20986;&#12290;&#21508;&#26041;&#21516;&#24847;&#65306;&#22312;&#27492;&#24773;&#20917;&#19979;&#65292;&#20057;&#26041;&#26377;&#26435;&#36873;&#25321;&#30340;&#36180;&#20607;&#26041;&#24335;&#21487;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#65306;&#29992;&#30002;&#26041;&#22312;&#26631;&#30340;&#20844;&#21496;&#25152;&#20139;&#26377;&#30340;&#20986;&#36164;&#39069;&#25110;&#20998;&#32418;&#24357;&#34917;&#20057;&#26041;&#25439;&#22833;&#65292;&#25110;&#32773;&#30001;&#30002;&#26041;&#21521;&#20057;&#26041;&#25903;&#20184;&#29616;&#37329;&#34917;&#20607;&#31561;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2.&nbsp;If
the Target Company is punished or a Third Party is claiming for losses due to the reasons mentioned above before the Date of Completion,
thus causing Party B to suffer losses as a shareholder, or Party B to suffer direct punishment or be claimed for losses by such Third
Party, Party A shall compensate Party B for all direct and/or indirect losses, liabilities, costs, fees and expenses incurred therefrom.
Both Parties hereby agree that in such case, the compensation methods that Party B is entitled to choose may include, but are not limited
to, making up for Party B&rsquo;s losses with the contribution or dividends enjoyed by Party A in the Target Company, making compensation in
cash, etc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#31532;&#20845;&#26465;
&#38472;&#36848;&#21644;&#20445;&#35777;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Article VI&nbsp;Representation
and Warranty</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1&#12289;&#30002;&#26041;&#30340;&#38472;&#36848;&#19982;&#20445;&#35777;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1.&nbsp;Party
A&rsquo;s Representation and Warranty</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(1)
&#30002;&#26041;&#20855;&#26377;&#23436;&#20840;&#30340;&#27665;&#20107;&#26435;&#21033;&#33021;&#21147;&#21644;&#34892;&#20026;&#33021;&#21147;&#65292;&#26377;&#36275;&#22815;&#30340;&#33021;&#21147;&#23653;&#34892;&#26412;&#21327;&#35758;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(1)&nbsp;Party
A has full capacity for civil rights and conduct, and can perform this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(2)
&#30002;&#26041;&#25110;&#30002;&#26041;&#25351;&#23450;&#30340;&#31532;&#19977;&#26041;&#21512;&#27861;&#25317;&#26377;&#26631;&#30340;&#20844;&#21496;&#32929;&#26435;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(2)&nbsp;Party
A or the Third Party designated by Party A legally owns the equity of the Target Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(3)&nbsp;&#30002;&#26041;&#31614;&#32626;&#12289;&#23653;&#34892;&#26412;&#21327;&#35758;&#12289;&#23436;&#25104;&#26412;&#21327;&#35758;&#25152;&#36848;&#20043;&#20132;&#26131;&#65292;&#19981;&#20250;&#36829;&#21453;&#20219;&#20309;&#27861;&#24459;&#12289;&#34892;&#25919;&#27861;&#35268;&#12289;&#37096;&#38376;&#35268;&#31456;&#21644;&#34892;&#19994;&#20934;&#21017;&#65292;&#20134;&#19981;&#20250;&#36829;&#21453;&#20057;&#26041;&#20316;&#20026;&#21327;&#35758;&#32532;&#32422;&#26041;&#25110;&#21463;&#20854;&#32422;&#26463;&#30340;&#20219;&#20309;&#21512;&#21516;&#12289;&#23433;&#25490;&#25110;&#35845;&#35299;&#30340;&#32422;&#23450;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(3)&nbsp;Party
A will not violate any laws, administrative regulations, departmental rules and industrial standards when signing and performing this
Agreement and completing the transactions mentioned herein, nor will it violate any contracts, arrangements or understanding to which
Party B is a party or bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(4)
&#25353;&#26412;&#21327;&#35758;&#32422;&#23450;&#21327;&#21161;&#26631;&#30340;&#20844;&#21496;&#21150;&#29702;&#32929;&#26435;&#36716;&#35753;&#30340;&#23457;&#25209;&#21644;&#24037;&#21830;&#30331;&#35760;&#25163;&#32493;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(4)&nbsp;Party
A will assist the Target Company in obtaining any approval for the equity transfer and industrial and commercial registration according
to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&#12289;&#20057;&#26041;&#30340;&#25215;&#35834;&#19982;&#20445;&#35777;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2.&nbsp;Party
B&rsquo;s Representation and Warranty</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(1)
&#20057;&#26041;&#20855;&#26377;&#23436;&#20840;&#30340;&#27665;&#20107;&#26435;&#21033;&#33021;&#21147;&#21644;&#34892;&#20026;&#33021;&#21147;&#65292;&#26377;&#36275;&#22815;&#30340;&#33021;&#21147;&#23653;&#34892;&#26412;&#21327;&#35758;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(1)&nbsp;Party
B has full capacity for civil rights and conduct and can perform this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(2)&nbsp;&#31614;&#32626;&#12289;&#23653;&#34892;&#26412;&#21327;&#35758;&#12289;&#23436;&#25104;&#26412;&#21327;&#35758;&#25152;&#36848;&#20043;&#20132;&#26131;&#65292;&#19981;&#20250;&#36829;&#21453;&#20219;&#20309;&#27861;&#24459;&#12289;&#34892;&#25919;&#27861;&#35268;&#12289;&#37096;&#38376;&#35268;&#31456;&#21644;&#34892;&#19994;&#20934;&#21017;&#65292;&#19981;&#20250;&#36829;&#21453;&#20057;&#26041;&#30340;&#20844;&#21496;&#31456;&#31243;&#65292;&#20134;&#19981;&#20250;&#36829;&#21453;&#20057;&#26041;&#20316;&#20026;&#21327;&#35758;&#32532;&#32422;&#26041;&#25110;&#21463;&#20854;&#32422;&#26463;&#30340;&#20219;&#20309;&#21512;&#21516;&#12289;&#23433;&#25490;&#25110;&#35845;&#35299;&#30340;&#32422;&#23450;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(2)&nbsp;Party
B will not violate any laws, administrative regulations, departmental rules and industrial standards when signing and performing this
Agreement and completing the transactions mentioned herein, nor will it violate its articles of association, any contracts, arrangements
or understanding to which itself is a party or bound.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(3)&nbsp;&#22240;&#35746;&#31435;&#12289;&#23653;&#34892;&#26412;&#21327;&#35758;&#32780;&#25552;&#20379;&#20104;&#30002;&#26041;&#21644;&#26631;&#30340;&#20844;&#21496;&#30340;&#30456;&#20851;&#25991;&#20214;&#21450;&#38472;&#36848;&#30340;&#30456;&#20851;&#20107;&#39033;&#22343;&#30495;&#23454;&#12289;&#20934;&#30830;&#12289;&#23436;&#25972;&#65292;&#19981;&#23384;&#22312;&#34394;&#20551;&#12289;&#35823;&#23548;&#24615;&#38472;&#36848;&#21644;&#37325;&#22823;&#36951;&#28431;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">(3)&nbsp;The
relevant documents and representation provided for Party A and the Target Company due to the conclusion and performance of this Agreement
are true, accurate and complete, without any false or misleading statements and major omissions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#31532;&#19971;&#26465;
&#21327;&#35758;&#30340;&#29983;&#25928;&#12289;&#21464;&#26356;&#21450;&#35299;&#38500;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Article VII&#9;Effectiveness,
Change and Termination of this Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1&#12289;&#26412;&#21327;&#35758;&#33258;&#21508;&#26041;&#30340;&#22996;&#27966;&#20195;&#34920;&#31614;&#23383;&#24182;&#21152;&#30422;&#21508;&#26041;&#20844;&#31456;&#20043;&#26085;&#36215;&#25104;&#31435;&#24182;&#29983;&#25928;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1.&nbsp;This
Agreement shall come into effect upon being signed and sealed by the representatives of both Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&#12289;&#32463;&#21508;&#26041;&#21327;&#21830;&#19968;&#33268;&#65292;&#21508;&#26041;&#21487;&#20197;&#20070;&#38754;&#24418;&#24335;&#23545;&#26412;&#21327;&#35758;&#36827;&#34892;&#21464;&#26356;&#12289;&#20462;&#25913;&#25110;&#32773;&#32456;&#27490;&#26412;&#21327;&#35758;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2.&nbsp;Both
Parties may change, modify or terminate this Agreement in writing after negotiation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">3&#12289;&#21457;&#29983;&#27861;&#24459;&#12289;&#27861;&#35268;&#21644;&#35268;&#33539;&#24615;&#25991;&#20214;&#35268;&#23450;&#30340;&#23548;&#33268;&#26412;&#21327;&#35758;&#32456;&#27490;&#30340;&#20107;&#39033;&#65292;&#26412;&#21327;&#35758;&#32463;&#21508;&#26041;&#21327;&#21830;&#21487;&#20197;&#36890;&#36807;&#20070;&#38754;&#26041;&#24335;&#32456;&#27490;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">3.&nbsp;This
Agreement may be terminated in writing through negotiation by all Parties in case of any event that may cause the termination of this
Agreement as stipulated by laws, regulations and normative documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">4&#12289;&#26412;&#21327;&#35758;&#30340;&#32456;&#27490;&#19981;&#22952;&#30861;&#25110;&#24433;&#21709;&#20219;&#20309;&#19968;&#26041;&#23601;&#20854;&#20182;&#26041;&#20110;&#26412;&#21327;&#35758;&#29983;&#25928;&#21518;&#32456;&#27490;&#21069;&#21457;&#29983;&#30340;&#36829;&#32422;&#34892;&#20026;&#36827;&#34892;&#36861;&#31350;&#30340;&#26435;&#21033;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">4.&nbsp;The
termination of this Agreement shall not hinder or affect either Party&rsquo;s rights to investigate the other Party&rsquo;s breach of contract after
the effective date of this Agreement and before its termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#31532;&#20843;&#26465;
&#36829;&#32422;&#36131;&#20219;&#21450;&#20105;&#35758;&#35299;&#20915;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Article VIII&#9;Liability
for Breach of Contract and Resolution of Disputes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1&#12289;&#26412;&#21327;&#35758;&#31614;&#32626;&#21518;&#65292;&#38500;&#21457;&#29983;&#27861;&#24459;&#26126;&#25991;&#35268;&#23450;&#30340;&#19981;&#21487;&#25239;&#21147;&#24773;&#20917;&#22806;&#65292;&#20219;&#20309;&#19968;&#26041;&#19981;&#33021;&#25353;&#26412;&#21327;&#35758;&#30340;&#35268;&#23450;&#23653;&#34892;&#20854;&#20041;&#21153;&#25110;&#20570;&#20986;&#34394;&#20551;&#30340;&#38472;&#36848;&#19982;&#20445;&#35777;&#65292;&#21017;&#34987;&#35270;&#20026;&#36829;&#32422;&#12290;&#36829;&#32422;&#26041;&#24212;&#36180;&#20607;&#22240;&#20854;&#36829;&#32422;&#32780;&#32473;&#23432;&#32422;&#26041;&#36896;&#25104;&#30340;&#25439;&#22833;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1.&nbsp;After
signing this Agreement, unless any force majeure specified in laws and regulations occurred, if either Party fails to perform its obligations
according to the provisions hereof or makes false representation and warranty, such act will be regarded as a breach of contract. The
breaching party shall indemnify the non-breaching party for the losses caused by its breach of contract.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&#12289;&#26412;&#21327;&#35758;&#21463;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#31649;&#36758;&#65292;&#24182;&#25353;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#35299;&#37322;&#12290;&#26412;&#21327;&#35758;&#23653;&#34892;&#36807;&#31243;&#20013;&#22914;&#26377;&#20105;&#35758;&#25110;&#36829;&#32422;&#24773;&#24418;&#65292;&#21508;&#26041;&#21327;&#21830;&#35299;&#20915;&#65307;&#21327;&#21830;&#19981;&#25104;&#26102;&#65292;&#21017;&#20219;&#20309;&#19968;&#26041;&#22343;&#26377;&#26435;&#23558;&#20105;&#35758;&#20132;&#30001;&#21326;&#21335;&#22269;&#38469;&#32463;&#27982;&#36152;&#26131;&#20210;&#35009;&#22996;&#21592;&#20250;(&#28145;&#22323;&#20210;&#35009;&#22996;&#21592;&#20250;)&#20104;&#20197;&#20210;&#35009;&#35299;&#20915;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2.&nbsp;This
Agreement shall be subject to and interpreted according to the laws of the People&rsquo;s Republic of China. In case of any dispute or breach
of contract during the performance hereof, the Parties hereto shall negotiate for settlement; if the negotiation fails, either party hereto
shall be entitled to submit such dispute to the Shenzhen Court of International Arbitration (SCIA) for arbitration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#31532;&#20061;&#26465;
&#20854;&#20182;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Article IX&#9;Miscellaneous</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1&#12289;&#23601;&#36827;&#34892;&#26412;&#21327;&#35758;&#19979;&#30340;&#32929;&#26435;&#36716;&#35753;&#25152;&#20135;&#29983;&#30340;&#30456;&#20851;&#31246;&#36127;&#12289;&#36153;&#29992;&#65292;&#21508;&#26041;&#24212;&#20381;&#29031;&#27861;&#24459;&#35268;&#23450;&#20998;&#21035;&#25215;&#25285;&#21644;&#32564;&#32435;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">1.&nbsp;According
to laws and regulations, both Parties shall bear and pay the relevant taxes and expenses arising from the equity transfer hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2&#12289;&#21508;&#26041;&#23545;&#20110;&#26412;&#21327;&#35758;&#20869;&#23481;&#21450;&#23545;&#26041;&#25152;&#25552;&#20379;&#30340;&#26410;&#20844;&#24320;&#30340;&#36164;&#26009;&#25215;&#25285;&#20005;&#26684;&#30340;&#20445;&#23494;&#20041;&#21153;&#65292;&#38500;&#22240;&#27861;&#24459;&#35268;&#23450;&#25110;&#20219;&#20309;&#26377;&#31649;&#36758;&#26435;&#30340;&#25919;&#24220;&#26426;&#20851;&#12289;&#30417;&#31649;&#26426;&#26500;&#31561;&#22269;&#23478;&#26435;&#21147;&#26426;&#26500;&#35201;&#27714;&#20197;&#22806;&#65292;&#22343;&#19981;&#24471;&#20197;&#20219;&#20309;&#26041;&#24335;&#21521;&#20219;&#20309;&#31532;&#19977;&#26041;&#25259;&#38706;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">2.&nbsp;Each
Party shall undertake confidentiality obligations for the contents of this Agreement and the undisclosed materials provided by the other
Party, and shall not disclose such contents and materials to any Third Party in any way except as required by law or by any state authorities
with jurisdiction, such as government agencies and regulatory agencies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">3&#12289;&#26412;&#21327;&#35758;&#19968;&#24335;&#21441;&#20221;&#65292;&#21452;&#26041;&#21508;&#25345;&#19968;&#20221;&#65292;&#20854;&#20313;&#25991;&#26412;&#20132;&#30456;&#20851;&#23457;&#25209;&#37096;&#38376;&#22791;&#26696;&#25110;&#20445;&#23384;&#65292;&#25152;&#26377;&#21327;&#35758;&#20855;&#26377;&#21516;&#31561;&#27861;&#24459;&#25928;&#21147;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">3.&nbsp;This
Agreement is made in triplicate, with Party A and Party B holding one copy each, and the rest is submitted to the relevant approval authorities
for filing and reservation. All copies shall share the same legal effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt"><U>&#20197;&#19979;&#26080;&#27491;&#25991;&#65292;&#20026;&#21327;&#35758;&#31614;&#32626;&#39029;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt"><U>The following is intentionally
left blank, and the signature page is attached</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white"><B>&#65288;&#26412;&#39029;&#26080;&#27491;&#25991;&#65292;&#20026;&#28145;&#22323;&#24066;&#27604;&#20811;&#30005;&#27744;&#26377;&#38480;&#20844;&#21496;&#19982;&#21335;&#20140;&#20013;&#27604;&#26032;&#33021;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#20851;&#20110;&#28145;&#22323;&#24066;&#27604;&#20811;&#21160;&#21147;&#30005;&#27744;&#26377;&#38480;&#20844;&#21496;&#12298;&#32929;&#26435;&#36716;&#35753;&#21327;&#35758;&#12299;&#20043;&#31614;&#23383;&#30422;&#31456;&#39029;&#65289;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; background-color: white"><B>(This page is intentionally
left blank for the signature of the Equity Transfer Agreement of Shenzhen BAK Power Battery Co., Ltd. between Shenzhen BAK Battery Co.,
Ltd. and Nanjing CBAK New Energy Technology Co., Ltd.)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#30002;&#26041;&#65288;&#30422;&#31456;&#65289;&#65306;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Party A (seal):</B> Shenzhen
BAK Battery Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&#27861;&#23450;&#20195;&#34920;&#20154;&#25110;&#25480;&#26435;&#20195;&#34920;&#65288;&#31614;&#23383;&#65289;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">Legal representative or authorized
representative (signature): /s/ Xiangqian Li</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#20057;&#26041;&#65288;&#30422;&#31456;&#65289;&#65306;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Party B (seal):</B> Nanjing
CBAK New Energy Technology Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&#27861;&#23450;&#20195;&#34920;&#20154;&#25110;&#25480;&#26435;&#20195;&#34920;&#65288;&#31614;&#23383;&#65289;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">Legal representative or authorized
representative (signature):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>&#19993;&#26041;&#65288;&#30422;&#31456;&#65289;&#65306;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt"><B>Party C (seal):</B> Shenzhen
BAK Power Battery Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&#27861;&#23450;&#20195;&#34920;&#20154;&#25110;&#25480;&#26435;&#20195;&#34920;&#65288;&#31614;&#23383;&#65289;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 24pt">Legal representative or authorized
representative (signature): /s/ Xiangqian Li</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 12pt; background-color: white">&#31614;&#32422;&#26102;&#38388;&#65306;
&#24180; &#26376; &#26085;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 12pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 12pt; background-color: white">Signed
on: MM/DD/YYYY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 12pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">11</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>



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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ea186191ex10-2_cbakenergy.htm
<DESCRIPTION>ENGLISH TRANSLATION OF EQUITY TRANSFER CONTRACT RELATING TO ZHEJIANG HITRANS LITHIUM TECHNOLOGY CO., LTD.'S INVESTMENT IN ZHEJIANG SHENGYANG RENEWABLE RESOURCES TECHNOLOGY CO., LTD., DATED SEPTEMBER 27, 2023
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Equity Transfer Contract</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#24464;&#21319;&#27915;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#19982;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#65288;&#27993;&#27743;&#28023;&#21019;&#38146;&#30005;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#65289;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#31614;&#35746;&#20043;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#27993;&#27743;&#21319;&#38451;&#20877;&#29983;&#36164;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#32929; &#26435; &#36716; &#35753; &#21512;
&#21516;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Zhejiang Shengyang Renewable Resources Technology
Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Equity Transfer Contract</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>between</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Xu Shengyang</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>and</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Zhejiang Hitrans Lithium Technology Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>2023</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#24180;</FONT>
<FONT STYLE="font-size: 12pt">9 </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#26376;</FONT></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>September 2023</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#20013;&#22269;&#37329;&#21326;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Jinhua, China</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#30446;&#24405;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Table of Contents</B></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#19968;&#26465;</B></FONT></TD>
    <TD STYLE="width: 83%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#30446;&#26631;&#32929;&#26435;&#30340;&#22522;&#26412;&#24773;&#20917;</B></FONT></TD>
    <TD STYLE="text-align: center; width: 7%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 1</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Basic Information of Target Equity</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20108;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#25237;&#36164;&#21069;&#25552;&#26465;&#20214;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 2</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Prerequisites for the Investment</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#19977;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#32929;&#26435;&#36716;&#35753;&#20215;&#27454;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 3</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Equity Transfer Price</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#22235;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#32929;&#26435;&#36716;&#35753;&#20215;&#27454;&#30340;&#25903;&#20184;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 4</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Payment of the Equity Transfer Price</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20116;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#25215;&#35834;&#21450;&#20445;&#35777;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 5</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Commitments and Warranties</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20845;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#30456;&#20851;&#25163;&#32493;&#21150;&#29702;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 6</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Handling of Relevant Formalities</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#19971;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21512;&#21516;&#30340;&#21464;&#26356;&#12289;&#35299;&#38500;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 7</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Change and Termination of Contract</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20843;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36829;&#32422;&#36131;&#20219;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 8</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Liability for Breach of Contract</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#20061;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20105;&#35758;&#30340;&#35299;&#20915;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 9</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Dispute Resolution</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#21313;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#36890;&#30693;&#21450;&#36865;&#36798;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 10</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Notice and Service</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#21313;&#19968;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#21512;&#21516;&#30340;&#29983;&#25928;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 11</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Effectiveness of the Contract</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#31532;&#21313;&#20108;&#26465;</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&#20854;&#20182;</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Article 12</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Miscellaneous</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Equity Transfer Contract</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#21463;&#35753;&#26041;&#65288;&#30002;&#26041;&#65289;&#65306;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Transferee (Party A):</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>&#27993;</B></FONT><B>&#27743;&#28023;&#21019;&#38146;&#30005;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Zhejiang Hitrans Lithium Technology Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#27880;&#20876;&#22320;&#22336;&#65306;&#27993;&#27743;&#30465;&#32461;&#20852;&#24066;&#26477;&#24030;&#28286;&#19978;&#34398;&#32463;&#27982;&#25216;&#26415;&#24320;&#21457;&#21306;&#32428;&#19971;&#19996;&#36335;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Registered Address: No.5, Weiqi East Road, Shangyu
Economic and Technological Development Zone, Hangzhou Bay, Shaoxing City, Zhejiang Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#27861;&#23450;&#20195;&#34920;&#20154;&#65306;&#21556;&#28023;&#20891;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legal Representative: Wu Haijun</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#36716;&#35753;&#26041;&#65306;&#65288;&#20057;&#26041;&#65289;&#65306;&#24464;&#21319;&#27915;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Transferor (Party B): Xu Shengyang</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36523;&#20221;&#35777;&#21495;&#65306;</FONT>
***</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ID card number: ***</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#30446;&#26631;&#20844;&#21496;&#65288;&#19993;&#26041;&#65289;&#65306;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Target Company (Party C):</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#27993;&#27743;&#21319;&#38451;&#20877;&#29983;&#36164;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zhejiang Shengyang Renewable Resources Technology
Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#27880;&#20876;&#22320;&#22336;&#65306; &#27993;&#27743;&#30465;&#37329;&#21326;&#24066;&#23162;&#22478;&#21306;&#37329;&#35199;&#32463;&#27982;&#24320;&#21457;&#21306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Registered address: Jinxi Economic Development
Zone, Wucheng District, Jinhua City, Zhejiang Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify">&#27861;&#23450;&#20195;&#34920;&#20154;&#65306;
&#24464;&#21319;&#27915;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify">Legal representative: Xu Shengyang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#37492;&#20110;&#65306;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Whereas</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">1.</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#27993;&#27743;&#21319;&#38451;&#20877;&#29983;&#36164;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#65288;&#20197;&#19979;&#31616;&#31216;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30446;&#26631;&#20844;&#21496;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#21496;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#31995;&#19968;&#23478;&#26681;&#25454;&#20013;&#22269;&#27861;&#24459;&#35774;&#31435;&#24182;&#23384;&#32493;&#30340;&#26377;&#38480;&#36131;&#20219;&#20844;&#21496;&#65292;&#27880;&#20876;&#36164;&#26412;&#20026;&#20154;&#27665;&#24065;&#12304;</FONT>1000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12305;&#19975;&#20803;&#65307;&#20303;&#25152;&#22320;&#12304;&#27993;&#27743;&#37329;&#21326;&#12305;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: left">Zhejiang Shengyang Renewable Resources Technology Co., Ltd. (hereinafter referred to as the &ldquo;Target
Company&rdquo; or the &ldquo;Company&rdquo;) is a limited liability company incorporated and operating under the laws of the People's
Republic of China, with a registered capital of [RMB 10,000,000]; domicile: [Jinhua City, Zhejiang Province].</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">2.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25130;&#33267;&#26412;&#21512;&#21516;&#31614;&#32626;&#20043;&#26085;&#65292;&#30446;&#26631;&#20844;&#21496;&#32929;&#19996;&#20855;&#20307;&#25345;&#32929;&#24773;&#20917;&#20026;&#22914;&#19979;&#65306;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify">As of the signing date of this Contract, the specific holdings of the Shareholders of the Target Company
are as follows:</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1.5pt solid; text-align: left"><B>&#32929;&#19996;&#21517;&#31216; <BR>Shareholder Name</B></TD><TD STYLE="white-space: nowrap; padding-bottom: 1.5pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1.5pt solid"><B>&#20986;&#36164;&#39069;&#65288;&#19975;&#20803;&#65289;
    <BR> Capital Contribution<BR> (RMB&nbsp;10,000)</B></TD><TD STYLE="white-space: nowrap; padding-bottom: 1.5pt"><B>&nbsp;</B></TD><TD STYLE="white-space: nowrap; padding-bottom: 1.5pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; text-align: center; border-bottom: Black 1.5pt solid"><B>&#25345;&#32929;&#27604;&#20363;&#65288;&#65285;&#65289;
    <BR> Shareholding<BR>
Ratio (%)</B></TD><TD STYLE="white-space: nowrap; padding-bottom: 1.5pt"><B>&nbsp;</B></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 76%; text-align: left">&#24464;&#21319;&#27915; <BR>Xu Shengyang </TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">970</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">97.00</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&#33931;&#20809;&#21220; <BR>
Jiang Guangqin </TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">30</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3.00</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-weight: bold; text-align: left; padding-bottom: 1.5pt">&#21512;&#35745; <BR>Total</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">1000</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">100.00</TD><TD STYLE="padding-bottom: 1.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in; text-align: left">3.</TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#26377;&#24847;&#36716;&#35753;&#20854;&#25345;&#26377;&#30446;&#26631;&#20844;&#21496;&#37096;&#20998;&#32929;&#26435;&#65292;&#30002;&#26041;&#21516;&#24847;&#25353;&#29031;&#26412;&#21512;&#21516;&#30340;&#32422;&#23450;&#21463;&#35753;&#20057;&#26041;&#25345;&#26377;&#30340;&#30446;&#26631;&#20844;&#21496;&#37096;&#20998;&#32929;&#26435;&#65307;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: left">Party B intends to transfer part of the equity of the Target Company held by Party B, and Party A shall
agree to accept such part of the equity of the Target Company held by Party B as agreed herein.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&#20026;&#27492;&#65292;&#26412;&#21512;&#21516;&#21508;&#26041;&#36798;&#25104;&#19968;&#33268;&#21327;&#35758;&#22914;&#19979;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Therefore, the Parties hereto
have reached an agreement as follows:</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#19968;&#26465;
&#30446;&#26631;&#32929;&#26435;&#30340;&#22522;&#26412;&#24773;&#20917;</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><B>Article 1 Basic
Information of Target Equity</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">1.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25130;&#33267;&#26412;&#21512;&#21516;&#31614;&#32626;&#20043;&#26085;&#65292;&#20057;&#26041;&#20986;&#36164;&#20154;&#27665;&#24065;&#12304;</FONT>970<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12305;&#19975;&#20803;&#65288;&#12304;&#29590;&#20336;&#26578;&#25342;&#12305;&#19975;&#20803;&#25972;&#65289;&#65292;&#21344;&#30446;&#26631;&#20844;&#21496;&#27880;&#20876;&#36164;&#26412;&#24635;&#39069;&#30340;&#12304;</FONT>97<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12305;</FONT>%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;&#20057;&#26041;&#21516;&#24847;&#26681;&#25454;&#26412;&#21512;&#21516;&#30340;&#26465;&#20214;&#21644;&#26465;&#27454;&#23558;&#20854;&#25152;&#25345;&#26377;&#30340;&#30446;&#26631;&#20844;&#21496;&#12304;</FONT>26<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12305;</FONT>%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32929;&#26435;&#36716;&#35753;&#32473;&#30002;&#26041;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">1.1</TD><TD STYLE="text-align: left">As of the signing date hereof, Party B has contributed [RMB
9,700,000] ([Nine Million and Seven Hundred Thousand Yuan Only]) accounting for [97] % of the total registered capital of the Target
Company. Party B shall agree to transfer [26] % of the Target Company&rsquo;s equity held by Party B to Party A in accordance with the
terms and conditions hereof.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">1.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#39033;&#19979;&#32929;&#26435;&#20132;&#26131;&#23436;&#25104;&#36807;&#25143;&#21518;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#26376;&#20869;&#65292;&#20057;&#26041;&#39035;&#23558;&#30446;&#26631;&#20844;&#21496;&#21478;</FONT>44%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#36716;&#35753;&#33267;&#30002;&#26041;&#21517;&#19979;&#65292;&#27599;&#32929;&#21463;&#35753;&#20215;&#26684;&#25353;&#29031;&#26412;&#27425;&#20132;&#26131;&#30340;&#20215;&#26684;&#25191;&#34892;&#12290;&#35814;&#32454;&#20132;&#26131;&#26465;&#27454;&#21478;&#34892;&#32422;&#23450;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">1.2</TD><TD STYLE="text-align: left">Within 3 months after the completion of the equity transaction
hereunder, Party B shall transfer another 44% of the equity of the Target Company to Party A, and the transfer price per share shall
be based on the price of this transaction. Detailed terms of this transaction will be agreed separately.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#20108;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#25237;&#36164;&#21069;&#25552;&#26465;&#20214;</FONT></B></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><B>Article 2 Prerequisites
for the Investment</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#30830;&#35748;&#65292;&#36716;&#35753;&#26041;&#22312;&#26412;&#21512;&#21516;&#39033;&#19979;&#30340;&#20041;&#21153;&#20197;&#19979;&#21015;&#26465;&#20214;&#20026;&#21069;&#25552;&#65306;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1</TD><TD STYLE="text-align: left">The Parties confirm that the obligations of the Transferor
hereunder are subject to the following conditions:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36716;&#35753;&#26041;&#24050;&#20070;&#38754;&#36890;&#30693;&#30446;&#26631;&#20844;&#21496;&#20854;&#20182;&#32929;&#19996;&#65292;&#24182;&#24050;&#21462;&#24471;&#20854;&#20182;&#32929;&#19996;&#25918;&#24323;&#20248;&#20808;&#21463;&#35753;&#26412;&#27425;&#25152;&#36716;&#35753;&#32929;&#26435;&#30340;&#30456;&#20851;&#20070;&#38754;&#25991;&#20214;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.1</TD><TD STYLE="text-align: left">The Transferor has notified the other Shareholders of the
Target Company in writing and has obtained relevant written documents stating that the other Shareholders have waived their pre-emption
to acquire the equity transferred this time.</TD>
</TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">2.1.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36716;&#35753;&#26041;&#24050;&#21521;&#21463;&#35753;&#26041;&#20805;&#20998;&#12289;&#23436;&#25972;&#25259;&#38706;&#20102;&#20844;&#21496;&#30340;&#36164;&#20135;&#12289;&#36127;&#20538;&#12289;&#26435;&#30410;&#12289;&#23545;&#22806;&#25285;&#20445;&#20197;&#21450;&#19982;&#26412;&#21512;&#21516;&#26377;&#20851;&#30340;&#20449;&#24687;&#31561;&#65307;&#36716;&#35753;&#26041;&#25215;&#35834;&#24050;&#21521;&#21463;&#35753;&#26041;&#25552;&#20379;&#30340;&#20844;&#21496;&#12304;</FONT>2020<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12305;&#24180;&#33267;&#12304;</FONT>2022<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12305;&#24180;&#30340;&#36130;&#21153;&#20250;&#35745;&#25253;&#34920;&#30495;&#23454;&#22320;&#23436;&#25972;&#22320;&#21453;&#26144;&#20102;&#20844;&#21496;&#22312;&#35813;&#26399;&#38388;&#30340;&#36164;&#20135;&#12289;&#36127;&#20538;&#21644;&#30408;&#21033;&#29366;&#20917;&#12290;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.2</TD><TD STYLE="text-align: left">The Transferor has fully and completely disclosed the Company&rsquo;s
assets, liabilities, rights and interests, external guarantees, and information related to this Contract to the Transferee; the Transferor
shall hereby state and ascertain that the financial and accounting statements of the Company for the years from [2020] to [2022] that
have been provided to the Transferee truthfully and completely reflect the Company&rsquo;s assets, liabilities and profitability during
that period.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.3</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36716;&#35753;&#26041;&#20445;&#35777;&#22312;&#36807;&#28193;&#26399;&#20869;&#65288;&#25351;&#26412;&#21512;&#21516;&#31614;&#35746;&#20043;&#26085;&#33267;&#25353;&#26412;&#21512;&#21516;&#32422;&#23450;&#30340;&#26399;&#38480;&#23436;&#25104;&#25237;&#36164;&#33267;&#21150;&#29702;&#23436;&#24037;&#21830;&#21464;&#26356;&#30331;&#35760;&#20043;&#38388;&#30340;&#26102;&#38388;&#27573;&#65289;&#65292;&#20844;&#21496;&#30340;&#32463;&#33829;&#25110;&#36130;&#21153;&#29366;&#20917;&#27809;&#26377;&#21457;&#29983;&#37325;&#22823;&#30340;&#19981;&#21033;&#21464;&#21270;&#65292;&#19981;&#23384;&#22312;&#26410;&#25259;&#38706;&#30340;&#27491;&#22312;&#36827;&#34892;&#30340;&#35785;&#35772;&#25110;&#20210;&#35009;&#20107;&#39033;&#65307;&#26410;&#32463;&#21463;&#35753;&#26041;&#21516;&#24847;</FONT>,<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#21496;&#25110;&#20854;&#25511;&#32929;&#23376;&#20844;&#21496;&#19981;&#24471;&#19982;&#20182;&#20154;&#36798;&#25104;&#20197;&#20844;&#21496;&#25110;&#20854;&#25511;&#32929;&#23376;&#20844;&#21496;&#20026;&#24403;&#20107;&#20154;&#30340;&#21512;&#36164;&#12289;&#21512;&#20249;&#21512;&#21516;&#25110;&#30452;&#25509;&#35774;&#31435;&#29420;&#36164;&#23376;&#20844;&#21496;&#65307;&#20844;&#21496;&#32929;&#19996;&#19981;&#24471;&#36716;&#35753;&#20854;&#25152;&#25345;&#20844;&#21496;&#32929;&#26435;&#20134;&#19981;&#24471;&#36827;&#34892;&#22686;&#36164;&#12289;&#20943;&#36164;&#25110;&#20854;&#20182;&#20219;&#20309;&#26377;&#25439;&#30002;&#26041;&#21033;&#30410;&#30340;&#34892;&#20026;&#65292;&#22914;&#30830;&#26377;&#24517;&#35201;&#38656;&#20070;&#38754;&#36890;&#30693;&#21463;&#35753;&#26041;&#24182;&#33719;&#24471;&#20854;&#21516;&#24847;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.3</TD><TD STYLE="text-align: left">The Transferor warrants that during the transition period
(the period from the signing date of this Contract to the completion of the investment within the period agreed herein and the completion
of industrial and commercial change registration), there is no material adverse change in the operation or financial condition of the
Company and there are no undisclosed on-going litigations or arbitrations; neither the Company nor any of its controlling subsidiary
shall enter into a joint venture or a partnership contract with such other parties to which the Company or its controlling subsidiary
is a party or directly establish a wholly-owned subsidiary without the consent of the Transferee; no Shareholder of the Company shall
transfer the equity held by him/her, nor shall he/she increase or reduce the capital or undertake any other act detrimental to the interests
of Party A. If such an Equity Transfer or a capital increase or a reduction is necessary, the Shareholder shall notify the Transferee
in writing and obtain its consent.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.4</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36716;&#35753;&#26041;&#22312;&#36807;&#28193;&#26399;&#20869;&#19981;&#21521;&#20844;&#21496;&#32929;&#19996;&#20197;&#22806;&#30340;&#31532;&#19977;&#26041;&#36716;&#35753;&#20854;&#25152;&#25345;&#26377;&#30340;&#37096;&#20998;&#25110;&#20840;&#37096;&#20844;&#21496;&#32929;&#26435;&#65292;&#22914;&#30830;&#26377;&#24517;&#35201;&#38656;&#20070;&#38754;&#36890;&#30693;&#21463;&#35753;&#26041;&#24182;&#33719;&#24471;&#20854;&#21516;&#24847;&#65307;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.4</TD><TD STYLE="text-align: left">During the transition period, the Transferor shall not transfer
its equity in the Company, be it in whole or in part, to any third party other than the Shareholders of the Company and shall notify
the Transferee in writing and obtain its consent if such an Equity Transfer is necessary;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.5</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#36716;&#35753;&#26041;&#20445;&#35777;&#22312;&#36807;&#28193;&#26399;&#20869;&#65306;&#20844;&#21496;&#27809;&#26377;&#22788;&#32622;&#20854;&#20027;&#35201;&#36164;&#20135;&#25110;&#22312;&#20854;&#19978;&#35774;&#32622;&#25285;&#20445;&#65292;&#20063;&#27809;&#26377;&#21457;&#29983;&#25110;&#25215;&#25285;&#20219;&#20309;&#37325;&#22823;&#20538;&#21153;&#65292;&#38500;&#20102;&#36890;&#24120;&#19994;&#21153;&#32463;&#33829;&#20013;&#30340;&#22788;&#32622;&#25110;&#36127;&#20538;&#20197;&#22806;&#65307;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.5</TD><TD STYLE="text-align: left">The Transferor shall warrant that during the transition period:
the Company has not disposed of its major assets or encumbered them with guarantees, nor incurred or assumed any material debt other
than disposals or liabilities in the ordinary course of business operations;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.6</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#30830;&#35748;&#33258;</FONT>2022<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>31<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#36215;&#33267;&#26412;&#21327;&#35758;&#31614;&#32626;&#20043;&#26085;&#26410;&#36827;&#34892;&#21033;&#28070;&#20998;&#37197;&#65292;&#19988;&#25215;&#35834;&#33258;&#26412;&#21327;&#35758;&#31614;&#32626;&#20043;&#26085;&#36215;&#33267;&#32929;&#26435;&#36716;&#35753;&#23436;&#25104;&#20043;&#26085;&#19981;&#36827;&#34892;&#21033;&#28070;&#20998;&#37197;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2.1.6</TD><TD STYLE="text-align: left">Party B shall confirm that it has not made profit distribution
from December 31, 2022 to the date of signing this Agreement, and shall undertake not to make profit distribution from the date of signing
this Agreement to the date of completion of the Equity Transfer.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt; text-align: right"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="text-align: left; width: 33%">&nbsp;</TD><TD STYLE="text-align: left; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="text-align: left; border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="text-align: left; margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#19977;&#26465;
&#32929;&#26435;&#36716;&#35753;&#20215;&#27454;</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><B>Article 3 Equity
Transfer Price</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">3.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#21508;&#26041;&#23601;&#32929;&#26435;&#36716;&#35753;&#20215;&#24050;&#21327;&#21830;&#19968;&#33268;&#65292;&#25353;&#29031;&#21327;&#35758;&#20215;&#36827;&#34892;&#36716;&#35753;&#12290;&#21327;&#35758;&#20215;&#25353;&#29031;&#30446;&#26631;&#20844;&#21496;</FONT>100%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#20215;&#20540;&#20154;&#27665;&#24065;</FONT>11000<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#20803;&#65288;&#12304;&#22777;&#20159;&#22777;&#20191;&#12305;&#19975;&#20803;&#25972;&#65289;&#36827;&#34892;&#23450;&#20215;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">3.1</TD><TD STYLE="text-align: left">The Parties hereto have reached an agreement about the Equity
Transfer Price and shall transfer the equity at the agreed price. The agreed price shall be determined based on 100% of the equity value
of the Target Company of RMB 110,000,000 ([One Hundred and Ten Million Yuan Only]).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">3.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#21508;&#26041;&#21516;&#24847;&#65292;&#20057;&#26041;&#21521;&#30002;&#26041;&#36716;&#35753;&#20854;&#25345;&#26377;&#30340;&#30446;&#26631;&#20844;&#21496;&#12304;</FONT>26<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12305;</FONT>%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#30340;&#20215;&#27454;&#20026;&#20154;&#27665;&#24065;&#12304;</FONT>2860<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12305;&#19975;&#20803;&#65288;&#12304;&#36144;&#20191;&#25420;&#20336;&#38470;&#25342;&#12305;&#19975;&#20803;&#25972;&#65289;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">3.2</TD><TD STYLE="text-align: left">The Parties hereto shall agree that the transfer price of
the [26] % of the equity of the Target Company held by Party B to Party A shall be [RMB 28,600,000] ([Twenty-eight Million and Six Hundred
Thousand Yuan Only]).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#22235;&#26465;</B></FONT><B> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#36716;&#35753;&#20215;&#27454;&#30340;&#25903;&#20184;</FONT></B></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><B>Article 4
Payment of the Equity Transfer Price</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#21508;&#26041;&#21516;&#24847;&#25353;&#20004;&#31508;&#20104;&#20197;&#25903;&#20184;&#12290;&#30002;&#26041;&#20110;&#26412;&#21512;&#21516;&#29983;&#25928;&#19988;&#21508;&#26041;&#32422;&#23450;&#30340;&#21069;&#25552;&#26465;&#20214;&#24471;&#20197;&#28385;&#36275;&#21518;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#24037;&#20316;&#26085;&#20869;&#21521;&#20057;&#26041;&#25903;&#20184;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32929;&#26435;&#36716;&#35753;&#20215;&#27454;&#65307;&#22312;&#30002;&#26041;&#25903;&#20184;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#36716;&#35753;&#27454;&#21518;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#24037;&#20316;&#26085;&#20869;&#65292;&#30446;&#26631;&#20844;&#21496;&#23558;</FONT>26%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#36807;&#25143;&#33267;&#30002;&#26041;&#21517;&#19979;&#65307;&#22312;&#23436;&#25104;</FONT>26%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#36807;&#25143;&#21518;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#24037;&#20316;&#26085;&#20869;&#65292;&#30002;&#26041;&#23558;&#21097;&#20313;</FONT>50%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#26435;&#36716;&#35753;&#27454;&#25903;&#20184;&#32473;&#20057;&#26041;&#12290;&#20057;&#26041;&#24212;&#22312;&#25910;&#27454;&#20043;&#21516;&#26102;&#65292;&#21521;&#30002;&#26041;&#24320;&#20855;&#21512;&#35268;&#30340;&#25910;&#25454;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4.1</TD><TD STYLE="text-align: left">The Parties shall agree to make payment in two installments.
Party A shall pay 50% of the Equity Transfer Price to Party B within 5 working days after this Contract takes effect and the prerequisites
agreed upon by the Parties are met; within 15 working days after Party A pays 50% of the Equity Transfer Price, the Target Company shall
transfer 26% equity to Party A; within 5 working days after the completion of the transfer of the 26% equity, Party A shall pay the remaining
50% of Equity Transfer Price to Party B. Party B shall issue a compliant receipt to Party A upon receipt of the payment.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21463;&#35753;&#26041;&#24212;&#26681;&#25454;&#26412;&#21512;&#21516;&#20043;&#32422;&#23450;&#23558;&#36716;&#35753;&#20215;&#27454;&#25903;&#20184;&#33267;&#36716;&#35753;&#26041;&#22914;&#19979;&#38134;&#34892;&#36134;&#25143;&#25110;&#36716;&#35753;&#26041;&#20110;&#31614;&#32626;&#26085;&#21518;&#21478;&#34892;&#20070;&#38754;&#36890;&#30693;&#30340;&#20854;&#20182;&#38134;&#34892;&#36134;&#25143;&#65306;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4.2</TD><TD STYLE="text-align: left">The Transferee shall pay the transfer price to the following
bank account of the Transferor or other bank account otherwise notified by the Transferor in writing after the signing of the Contract
and in accordance with the provisions of thereof:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; width: 29%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#25143;&#21517;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Account Name</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 71%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#24464;&#21319;&#27915;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Xu Shengyang</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#24320;&#25143;&#34892;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bank of Deposit</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#23425;&#27874;&#38134;&#34892;&#37329;&#21326;&#20998;&#34892;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bank of Ningbo, Jinghua Branch</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: top; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#36134;&#25143;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Account No.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; font-size: 10pt">***</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="text-align: left; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4.3</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#32929;&#26435;&#36716;&#35753;&#25152;&#28041;&#21450;&#30340;&#31246;&#27454;&#30001;&#21508;&#26041;&#20381;&#27861;&#25215;&#25285;&#24182;&#32564;&#32435;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4.3</TD><TD STYLE="text-align: left">The Parties agree that the taxes involved in the Equity Transfer
shall be borne and paid by the Parties in accordance with the law.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4.4</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#21496;&#30340;&#26410;&#20998;&#37197;&#21033;&#28070;&#65292;&#20197;&#21450;&#26412;&#27425;&#32929;&#26435;&#36716;&#35753;&#23436;&#25104;&#20043;&#26085;&#21069;&#21518;&#20844;&#21496;&#20135;&#29983;&#30340;&#25152;&#26377;&#21033;&#28070;&#65292;&#30001;&#36716;&#35753;&#21518;&#30340;&#32929;&#19996;&#20849;&#21516;&#20139;&#26377;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4.4</TD><TD STYLE="text-align: left">The undistributed profits of the Company and all the profits
generated by the Company before and after the completion date of this Equity Transfer shall be shared by the Shareholders after the transfer.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#20116;&#26465;
&#25215;&#35834;&#21450;&#20445;&#35777;</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in"><B>Article 5 Commitments
and Warranties</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.1</FONT></TD><TD STYLE="text-align: left">&#30002;&#26041;&#21521;&#20057;&#26041;&#20445;&#35777;&#21644;&#25215;&#35834;&#22914;&#19979;&#65306;</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">5.1</TD><TD STYLE="text-align: left">Party A shall warrant and undertake to Party B as follows:</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">1&#12289;
</TD><TD STYLE="text-align: left">&#30002;&#26041;&#26159;&#20381;&#27861;&#27880;&#20876;&#25104;&#31435;&#24182;&#19988;&#21512;&#27861;&#23384;&#32493;&#30340;&#20225;&#19994;&#27861;&#20154;&#65292;&#20855;&#26377;&#20381;&#29031;&#12298;&#20844;&#21496;&#27861;&#12299;&#21450;&#20854;&#20844;&#21496;&#31456;&#31243;&#31614;&#32626;&#26412;&#21512;&#21516;&#30340;&#26435;&#21033;&#33021;&#21147;&#21644;&#34892;&#20026;&#33021;&#21147;&#65292;&#24182;&#26377;&#36275;&#22815;&#30340;&#33021;&#21147;&#20840;&#38754;&#23653;&#34892;&#26412;&#21512;&#21516;&#35268;&#23450;&#30340;&#20041;&#21153;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">1.</TD><TD STYLE="text-align: left">Party A is an enterprise legal person legally incorporated and operating in accordance with the applicable
laws, holding the right and capacity to execute this Contract in accordance with the Company Law and its Articles of Association, and
has sufficient ability to perform its obligations hereunder fully.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2&#12289;
</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#30340;&#31614;&#32626;&#21644;&#23653;&#34892;&#19981;&#19982;&#30002;&#26041;&#20844;&#21496;&#31456;&#31243;&#25110;&#26377;&#20851;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#26465;&#20363;&#31561;&#26377;&#32422;&#26463;&#21147;&#30340;&#35268;&#33539;&#24615;&#25991;&#20214;&#21450;&#31614;&#35746;&#30340;&#21327;&#35758;&#25152;&#25215;&#25285;&#30340;&#20041;&#21153;&#30456;&#20914;&#31361;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">2.</TD><TD STYLE="text-align: left">The execution and performance of this Contract shall not conflict with the obligations under the Articles
of Association of Party A or the relevant laws, regulations, rules, and other binding normative documents and agreements.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">3&#12289;
</TD><TD STYLE="text-align: left">&#25552;&#20379;&#32473;&#20844;&#21496;&#30340;&#25152;&#26377;&#36164;&#26009;&#26159;&#30495;&#23454;&#30340;&#12289;&#23436;&#25972;&#30340;&#12289;&#20934;&#30830;&#30340;&#12289;&#26377;&#25928;&#30340;&#65292;&#19981;&#21253;&#21547;&#20219;&#20309;&#34394;&#20551;&#25104;&#20998;&#65292;&#27809;&#26377;&#20026;&#35823;&#23548;&#20844;&#21496;&#32780;&#25925;&#24847;&#30465;&#30053;&#37096;&#20998;&#20851;&#38190;&#20107;&#23454;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">3.</TD><TD STYLE="text-align: left">All information provided to the Company is true, complete, accurate and valid, without any falseness or
intentional omission of any key fact premeditated to mislead the Company.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.2</FONT></TD><TD STYLE="text-align: left">&#20057;&#26041;&#21521;&#30002;&#26041;&#20445;&#35777;&#21644;&#25215;&#35834;&#22914;&#19979;&#65306;</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 12.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">5.2</TD><TD STYLE="text-align: left">Party B shall warrant to Party A and shall undertake the
following:</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 12.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">1&#12289;
</TD><TD STYLE="text-align: left">&#25317;&#26377;&#31614;&#35746;&#24182;&#23653;&#34892;&#26412;&#21512;&#21516;&#20041;&#21153;&#30340;&#20840;&#37096;&#26435;&#21033;&#19982;&#25480;&#26435;&#65292;&#24182;&#20381;&#25454;&#20013;&#22269;&#27861;&#24459;&#20855;&#26377;&#31614;&#35746;&#26412;&#21512;&#21516;&#25152;&#26377;&#30340;&#36164;&#26684;&#26465;&#20214;&#21644;/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#34892;&#20026;&#33021;&#21147;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">1.</TD><TD STYLE="text-align: left">Party B has all the rights and authorization to enter into the Contract and perform the obligations hereunder
and has all the qualifications and/or capacity to enter into this Contract in accordance with the Laws of the People&rsquo;s Republic
of China.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2&#12289;
</TD><TD STYLE="text-align: left">&#26412;&#21512;&#21516;&#30340;&#31614;&#35746;&#25110;&#23653;&#34892;&#19981;&#36829;&#21453;&#20197;&#20854;&#20026;&#19968;&#26041;&#30340;&#20219;&#20309;&#37325;&#22823;&#21512;&#21516;&#25110;&#21327;&#35758;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">2.</TD><TD STYLE="text-align: left">The execution or performance of this Contract does not violate any material contract or agreement to which
it is a party.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">3&#12289;
</TD><TD STYLE="text-align: left">&#24050;&#23601;&#19982;&#26412;&#27425;&#20132;&#26131;&#21521;&#21463;&#35753;&#26041;&#25552;&#20379;&#30340;&#19968;&#20999;&#25991;&#20214;&#36164;&#26009;&#22343;&#26159;&#30495;&#23454;&#12289;&#26377;&#25928;&#23436;&#25972;&#30340;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">3.</TD><TD STYLE="text-align: left">All documents and materials provided to the Transferee regarding this transaction are true, valid and
complete.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4&#12289;
</TD><TD STYLE="text-align: left">&#22312;&#20844;&#21496;&#32929;&#19996;&#20250;&#19978;&#21516;&#24847;&#36873;&#20030;&#30002;&#26041;&#65288;&#21463;&#35753;&#26041;&#65289;&#25512;&#33616;&#30340;1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21517;&#33891;&#20107;&#20505;&#36873;&#20154;&#20026;&#33891;&#20107;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">4.</TD><TD STYLE="text-align: left">Party B shall agree to elect, at a Meeting of the Shareholders of the Company, one Director candidate
recommended by Party A (Transferee).</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">5&#12289;
</TD><TD STYLE="text-align: left">&#33258;&#32929;&#26435;&#36716;&#35753;&#23436;&#25104;&#20043;&#26085;&#36215;3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#20869;&#65292;&#19981;&#20197;&#20219;&#20309;&#26041;&#24335;</FONT>(<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21253;&#25324;&#35774;&#31435;&#26032;&#30340;&#20225;&#19994;</FONT>)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20174;&#20107;&#19982;&#20844;&#21496;&#19994;&#21153;&#30456;&#21516;&#25110;&#31867;&#20284;&#30340;&#19994;&#21153;&#65292;&#21542;&#21017;&#20854;&#25152;&#24471;&#30340;&#21033;&#28070;&#24402;&#20844;&#21496;&#25152;&#26377;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">5.</TD><TD STYLE="text-align: left">Within 3 years of the date of completion of the Equity Transfer, it shall not engage in the same or similar
business as the Company&rsquo;s business in any way (including by establishing a new enterprise), otherwise any profits arising therefrom
shall be due and given to the Company.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">6&#12289;
</TD><TD STYLE="text-align: left">&#30002;&#26041;&#20381;&#25454;&#26412;&#21327;&#35758;&#25110;&#20854;&#20182;&#30456;&#20851;&#21327;&#35758;&#32422;&#23450;&#35299;&#38500;&#26412;&#21327;&#35758;&#32780;&#35201;&#27714;&#20057;&#26041;&#36864;&#36824;&#21463;&#35753;&#27454;&#21450;&#20854;&#20182;&#27454;&#39033;&#30340;&#65292;&#20057;&#26041;&#24212;&#22312;&#32422;&#23450;&#30340;&#26399;&#38480;&#20869;&#20104;&#20197;&#36864;&#36824;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">6.</TD><TD STYLE="text-align: left">Should Party A terminate this Agreement in accordance herewith or subject to any other relevant agreement,
and then require Party B to refund the transfer payment and other payments, Party B shall refund the payment as agreed.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.3</FONT></TD><TD STYLE="text-align: left">&#30446;&#26631;&#20844;&#21496;&#65288;&#20844;&#21496;&#65289;&#20445;&#35777;&#21644;&#25215;&#35834;&#22914;&#19979;&#65306;</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 12.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">5.3</TD><TD STYLE="text-align: left">The Target Company (Company) shall warrant and undertake
as follows:</TD>
</TR></TABLE>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 12.05pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">1&#12289;
</TD><TD STYLE="text-align: left">&#20844;&#21496;&#26159;&#20381;&#27861;&#27880;&#20876;&#30331;&#35760;&#24182;&#19988;&#21512;&#27861;&#23384;&#32493;&#30340;&#20225;&#19994;&#27861;&#20154;&#65292;&#20855;&#26377;&#31614;&#32626;&#26412;&#21512;&#21516;&#30340;&#26435;&#21033;&#33021;&#21147;&#21644;&#34892;&#20026;&#33021;&#21147;&#65292;&#24182;&#26377;&#36275;&#22815;&#30340;&#33021;&#21147;&#20840;&#38754;&#23653;&#34892;&#26412;&#21512;&#21516;&#35268;&#23450;&#30340;&#20041;&#21153;&#65292;&#19988;&#26412;&#21512;&#21516;&#30340;&#31614;&#32626;&#21644;&#23653;&#34892;&#19981;&#20250;&#19982;&#20844;&#21496;&#31456;&#31243;&#25110;&#26377;&#20851;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#26465;&#20363;&#31561;&#26377;&#32422;&#26463;&#21147;&#30340;&#35268;&#33539;&#24615;&#25991;&#20214;&#25110;&#31614;&#35746;&#30340;&#21327;&#35758;&#31561;&#25152;&#25215;&#25285;&#30340;&#20041;&#21153;&#30456;&#20914;&#31361;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">1.</TD><TD STYLE="text-align: left">The Company is an enterprise legal person legally incorporated and existing in accordance with the law,
and has sufficient capacity to fully perform the obligations stipulated in this Contract; the execution and performance of this Contract
shall not conflict with the obligations undertaken by the Company under its Articles of Association or relevant laws, regulations, rules
and other binding regulatory documents or agreements entered into.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">2&#12289;
</TD><TD STYLE="text-align: left">&#36127;&#36131;&#21150;&#29702;&#32929;&#26435;&#36716;&#35753;&#30340;&#24037;&#21830;&#30331;&#35760;&#25163;&#32493;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">2.</TD><TD STYLE="text-align: left">The Company is responsible for handling the industrial and commercial registration procedures for Equity
Transfer.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">3&#12289;
</TD><TD STYLE="text-align: left">&#21516;&#24847;&#30002;&#26041;&#25104;&#20026;&#20844;&#21496;&#32929;&#19996;&#21518;&#65292;&#26377;&#26435;&#26597;&#38405;&#12289;&#22797;&#21046;&#20844;&#21496;&#30340;&#20250;&#35745;&#25253;&#34920;&#12289;&#20250;&#35745;&#36134;&#31807;&#21644;&#20250;&#35745;&#20973;&#35777;&#25110;&#22996;&#25176;&#27880;&#20876;&#20250;&#35745;&#24072;&#25110;&#36130;&#21153;&#20154;&#21592;&#23545;&#20844;&#21496;&#30340;&#36130;&#21153;&#24773;&#20917;&#36827;&#34892;&#26680;&#26597;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">3.</TD><TD STYLE="text-align: left">Party A shall have the right to access and copy the Company&rsquo;s financial statements, accounting books,
and accounting vouchers, or entrust registered accountant or financial personnel to verify the Company&rsquo;s financial condition after
Party A becomes a Shareholder of the Company.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">4&#12289;
</TD><TD STYLE="text-align: left">&#20844;&#21496;&#24212;&#19982;&#20854;&#20027;&#35201;&#31649;&#29702;&#20154;&#21592;&#21450;&#26680;&#24515;&#25216;&#26415;&#20154;&#21592;&#65288;&#20855;&#20307;&#21517;&#21333;&#35814;&#35265;&#12298;&#32929;&#26435;&#36716;&#35753;&#21327;&#35758;&#12299;&#38468;&#20214;&#19968;&#65289;&#31614;&#35746;&#30456;&#20851;&#31454;&#19994;&#31105;&#27490;&#30340;&#21327;&#35758;&#65292;&#32422;&#23450;&#20854;&#20027;&#35201;&#31649;&#29702;&#20154;&#21592;&#21450;&#26680;&#24515;&#25216;&#26415;&#20154;&#21592;&#22312;&#20844;&#21496;&#20219;&#32844;&#26399;&#38388;&#19981;&#24471;&#20197;&#20219;&#20309;&#26041;&#24335;&#20174;&#20107;&#19982;&#20844;&#21496;&#19994;&#21153;&#30456;&#31454;&#20105;&#30340;&#19994;&#21153;&#32463;&#33829;&#27963;&#21160;&#65288;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#33258;&#24049;&#20174;&#20107;&#25110;&#24110;&#21161;&#20182;&#20154;&#20174;&#20107;&#30340;&#26041;&#24335;&#65289;&#65307;&#20854;&#20027;&#35201;&#31649;&#29702;&#20154;&#21592;&#21450;&#25216;&#26415;&#20154;&#21592;&#22240;&#20219;&#20309;&#21407;&#22240;&#31163;&#32844;&#30340;&#65292;&#22914;&#20844;&#21496;&#35201;&#27714;&#65292;&#33258;&#31163;&#32844;&#20043;&#26085;&#36215;&#20004;&#24180;&#20869;&#65292;&#19981;&#24471;&#22312;&#19982;&#20844;&#21496;&#26377;&#19994;&#21153;&#31454;&#20105;&#20851;&#31995;&#30340;&#20854;&#20182;&#20225;&#19994;&#20869;&#20219;&#32844;&#25110;&#33258;&#33829;&#12289;&#24110;&#21161;&#20182;&#20154;&#20174;&#20107;&#19982;&#20844;&#21496;&#19994;&#21153;&#30456;&#31454;&#20105;&#30340;&#19994;&#21153;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">4.</TD><TD STYLE="text-align: left">The Company shall enter into a non-compete agreement with its major management personnel and core technical
personnel (see Annex I to the <I>Equity Transfer Agreement</I> for the detailed list), which stipulates that its major management personnel
and core technical personnel shall not engage in any business activities that compete with the Company&rsquo;s business (including but
not limited to engaging themselves or helping others to engage in such activities) during the period of their employment in the Company;
if its major management personnel and technical personnel leave the Company for any reason, as required by the Company, they shall not,
within two years from the date of departure, take up positions in other enterprises that have business competition with the Company or
operate their own operations or help others to engage in businesses that compete with the Company&rsquo;s business.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">5&#12289;
</TD><TD STYLE="text-align: left">&#24050;&#23601;&#19982;&#26412;&#27425;&#20132;&#26131;&#21521;&#21463;&#35753;&#26041;&#25552;&#20379;&#30340;&#19968;&#20999;&#25991;&#20214;&#36164;&#26009;&#22343;&#26159;&#30495;&#23454;&#12289;&#26377;&#25928;&#23436;&#25972;&#30340;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">5.</TD><TD STYLE="text-align: left">All documents and materials provided to the Transferee regarding this transaction are true, valid, and
complete.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left"><B>6</B>&#12289;
</TD><TD STYLE="text-align: left">&#20844;&#21496;&#31614;&#32626;&#26412;&#21327;&#35758;&#23436;&#20840;&#31526;&#21512;&#12298;&#20844;&#21496;&#27861;&#12299;&#12289;&#12298;&#20844;&#21496;&#31456;&#31243;&#12299;&#30340;&#32422;&#23450;&#65292;&#31614;&#32626;&#26412;&#21327;&#35758;&#21450;&#20316;&#20986;&#30456;&#20851;&#25215;&#35834;&#32463;&#32929;&#19996;&#20250;&#21450;&#33891;&#20107;&#20250;&#19968;&#33268;&#20915;&#35758;&#36890;&#36807;&#65292;&#19981;&#23384;&#22312;&#20219;&#20309;&#27861;&#24459;&#23454;&#36136;&#21450;&#31243;&#24207;&#30340;&#36829;&#27861;&#36829;&#35268;&#12290;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="text-align: left; width: 0.5in">6.</TD><TD STYLE="text-align: left">The execution of this Agreement by the Company is in full compliance with the provisions of the <I>Company
Law</I> and the <I>Articles of Association</I> of the Company. The execution of this Agreement and the relevant commitments have been
unanimously approved by the Shareholders&rsquo; meeting and the Board of Directors without any substantial and procedural violation of
any law.</TD></TR></TABLE>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#20845;&#26465;
&#30456;&#20851;&#25163;&#32493;&#21150;&#29702;</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in"><B>Article 6 Handling
of Relevant Formalities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">6.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#30001;&#20057;&#26041;&#36127;&#36131;&#21327;&#21161;&#30446;&#26631;&#20844;&#21496;&#21150;&#29702;&#26412;&#21512;&#21516;&#39033;&#19979;&#32929;&#26435;&#36716;&#35753;&#30340;&#24037;&#21830;&#21464;&#26356;&#30331;&#35760;&#25163;&#32493;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">6.1</TD><TD STYLE="text-align: left">The Parties agree that Party B shall be responsible for assisting
the Target Company to go through the registration formalities for industrial and commercial change related to the Equity Transfer hereunder.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">6.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#21496;&#24212;&#24403;&#22312;&#21462;&#24471;&#26412;&#27425;&#32929;&#26435;&#36716;&#35753;&#21518;&#25442;&#21457;&#30340;&#33829;&#19994;&#25191;&#29031;&#21518;&#24212;&#22312;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#24037;&#20316;&#26085;&#20869;&#21521;&#30002;&#26041;&#25552;&#20379;&#21152;&#30422;&#20844;&#31456;&#30340;&#26356;&#26032;&#21518;&#30340;&#33829;&#19994;&#25191;&#29031;&#22797;&#21360;&#20214;&#20197;&#21450;&#32929;&#19996;&#12298;&#20986;&#36164;&#35777;&#26126;&#20070;&#12299;&#65288;&#38468;&#20214;&#20108;&#65289;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">6.2</TD><TD STYLE="text-align: left">The Company shall, within 3 working days after obtaining
the business license renewed after the Equity Transfer, provide Party A with the renewed copy of the business license stamped with the
official seal and the Shareholders&rsquo; <I>Capital Contribution Certificate</I> (Annex II).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">6.3</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#24037;&#21830;&#21464;&#26356;&#30331;&#35760;&#25163;&#32493;&#25152;&#38656;&#36153;&#29992;&#30001;&#30446;&#26631;&#20844;&#21496;&#25215;&#25285;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">6.3</TD><TD STYLE="text-align: left">The cost of industrial and commercial change registration
shall be assumed by the Target Company.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#19971;&#26465;
&#21512;&#21516;&#30340;&#21464;&#26356;&#12289;&#35299;&#38500;</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in"><B>Article 7 Change
and Termination of Contract</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">7.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#30340;&#20219;&#20309;&#20462;&#25913;&#12289;&#21464;&#26356;&#24212;&#32463;&#21512;&#21516;&#21508;&#26041;&#21478;&#34892;&#21327;&#21830;&#65292;&#24182;&#23601;&#20462;&#25913;&#12289;&#21464;&#26356;&#20107;&#39033;&#31614;&#32626;&#20070;&#38754;&#21512;&#21516;&#21518;&#26041;&#21487;&#29983;&#25928;&#12290;&#26412;&#21512;&#21516;&#39033;&#19979;&#30340;&#32929;&#26435;&#36716;&#35753;&#21518;&#65292;&#20844;&#21496;&#31456;&#31243;&#23601;&#26377;&#20851;&#25237;&#36164;&#20154;&#26435;&#21033;&#20107;&#39033;&#30340;&#32422;&#23450;&#19982;&#26412;&#21512;&#21516;&#30340;&#26377;&#20851;&#26465;&#27454;&#19981;&#19968;&#33268;&#30340;&#65292;&#20197;&#26412;&#21512;&#21516;&#20026;&#20934;&#65292;&#38500;&#38750;&#26412;&#21512;&#21516;&#24403;&#20107;&#20154;&#21478;&#34892;&#31614;&#35746;&#34917;&#20805;&#21512;&#21516;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">7.1</TD><TD STYLE="text-align: left">Any modification or alteration to this Contract shall not
take effect unless the Parties hereto have negotiated separately and signed a written contract on such modification or alteration. After
the Equity Transfer hereunder, if there is any discrepancy between the provisions of the Articles of Association on the rights of investors
and the relevant provisions of this Contract, this Contract shall prevail, unless the Parties hereto sign a supplementary contract.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">7.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#22312;&#19979;&#21015;&#24773;&#20917;&#19979;&#35299;&#38500;&#65306;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">7.2</TD><TD STYLE="text-align: left">This Contract shall be terminated under the following circumstances:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">(1)</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#32463;&#21512;&#21516;&#21508;&#26041;&#24403;&#20107;&#20154;&#21327;&#21830;&#19968;&#33268;&#35299;&#38500;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">(1)</TD><TD STYLE="text-align: left">The Contract is terminated by mutual agreement of the Parties.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">(2)</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20219;&#19968;&#26041;&#21457;&#29983;&#24433;&#21709;&#32929;&#26435;&#20132;&#26131;&#30340;&#26681;&#26412;&#36829;&#32422;&#34892;&#20026;&#24182;&#22312;</FONT>30<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#20869;&#19981;&#20104;&#26356;&#27491;&#30340;&#65292;&#25110;&#21457;&#29983;&#32047;&#35745;&#20004;&#27425;&#25110;&#20197;&#19978;&#36829;&#32422;&#34892;&#20026;&#65292;&#23432;&#32422;&#26041;&#26377;&#26435;&#21333;&#26041;&#35299;&#38500;&#26412;&#21512;&#21516;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">(2)</TD><TD STYLE="text-align: left">If either party commits a fundamental breach affecting the
equity transaction and fails to correct it within 30 days, or has two or more breaches in total, the non-defaulting party shall have
the right to unilaterally terminate this Contract.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">(3)</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22240;&#19981;&#21487;&#25239;&#21147;&#65292;&#36896;&#25104;&#26412;&#21512;&#21516;&#26080;&#27861;&#23653;&#34892;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">(3)</TD><TD STYLE="text-align: left">This Contract cannot be performed due to force majeure.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0in; text-align: justify; text-indent: 0.25in">&#26377;&#26435;&#25552;&#20986;&#35299;&#38500;&#21512;&#21516;&#30340;&#19968;&#26041;&#24212;&#24403;&#20197;&#20070;&#38754;&#24418;&#24335;&#36890;&#30693;&#65292;&#36890;&#30693;&#22312;&#21040;&#36798;&#20854;&#20182;&#21508;&#26041;&#26102;&#29983;&#25928;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">The party entitled to terminate
the Contract shall give a written notice, which shall become effective upon receipt by the other party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">7.3</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#35299;&#38500;&#21518;&#65292;&#22914;&#32929;&#26435;&#36716;&#35753;&#24182;&#26410;&#20132;&#21106;&#30340;&#65292;&#21017;&#21508;&#26041;&#26080;&#39035;&#36827;&#34892;&#20132;&#21106;&#65307;&#22914;&#21463;&#35753;&#26041;&#24050;&#25903;&#20184;&#32929;&#26435;&#21463;&#35753;&#27454;&#30340;&#65292;&#21017;&#36716;&#35753;&#26041;&#24212;&#20110;&#25910;&#21040;&#21463;&#35753;&#26041;&#21457;&#20986;&#35299;&#38500;&#36890;&#30693;&#20070;&#20043;&#26085;&#36215;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20869;&#36864;&#36824;&#21463;&#35753;&#26041;&#25903;&#20184;&#30340;&#20840;&#37096;&#21463;&#35753;&#27454;&#65292;&#21463;&#35753;&#26041;&#25910;&#21040;&#36716;&#35753;&#26041;&#36864;&#36824;&#30340;&#20840;&#37096;&#21463;&#35753;&#27454;&#21450;&#36180;&#20607;&#27454;&#21644;&#36829;&#32422;&#37329;&#21518;&#65292;&#25353;&#36716;&#35753;&#26041;&#30340;&#35201;&#27714;&#37197;&#21512;&#21150;&#29702;&#32929;&#26435;&#21464;&#26356;&#30331;&#35760;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">7.3</TD><TD STYLE="text-align: left">After the termination of this Contract, if the Equity Transfer
is not delivered, the Parties do not need to make delivery; if the Transferee has paid the Equity Transfer Price, the Transferor shall
refund the Equity Transfer payments in full paid by the Transferee within 15 days upon receipt of the notice of termination issued by
the Transferee. Upon receipt of all the Equity Transfer payments returned by the Transferor, as well as compensation and liquidated damages,
the Transferee shall cooperate in the registration of equity change as required by the Transferor.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">7.4</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#34987;&#35299;&#38500;&#21518;&#65292;&#19981;&#24433;&#21709;&#19968;&#26041;&#24403;&#20107;&#20154;&#35201;&#27714;&#25903;&#20184;&#36829;&#32422;&#37329;&#21644;&#36180;&#20607;&#25439;&#22833;&#30340;&#26435;&#21033;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">7.4</TD><TD STYLE="text-align: left">The termination of this Contract shall not affect the right
of a party to demand payment of liquidated damages and compensation for losses.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#20843;&#26465;
&#36829;&#32422;&#36131;&#20219;</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in"><B>Article 8 Liability
for Breach of Contract</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">8.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#29983;&#25928;&#21518;&#65292;&#21508;&#26041;&#24212;&#25353;&#29031;&#26412;&#21512;&#21516;&#30340;&#35268;&#23450;&#20840;&#38754;&#12289;&#36866;&#24403;&#12289;&#21450;&#26102;&#22320;&#23653;&#34892;&#20854;&#20041;&#21153;&#21450;&#32422;&#23450;&#65292;&#38500;&#19981;&#21487;&#25239;&#21147;&#22240;&#32032;&#22806;&#33509;&#26412;&#21512;&#21516;&#30340;&#20219;&#20309;&#19968;&#26041;&#36829;&#21453;&#26412;&#21512;&#21516;&#30340;&#20219;&#20309;&#32422;&#23450;&#65292;&#21017;&#26500;&#25104;&#36829;&#32422;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">8.1</TD><TD STYLE="text-align: left">After this Contract comes into force, each party shall perform
its obligations and provisions in a comprehensive, appropriate, and timely manner in accordance with the provisions of this Contract.
Except for force majeure, any breach of any provision hereof by either party shall constitute a breach of contract.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">8.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#38750;&#21478;&#26377;&#32422;&#23450;</FONT>,<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#26412;&#21512;&#21516;&#30340;&#36829;&#32422;&#37329;&#20026;&#26412;&#21512;&#21516;&#39033;&#19979;&#32929;&#26435;&#36716;&#35753;&#27454;&#30340;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65285;&#65292;&#20294;&#30002;&#26041;&#26080;&#27491;&#24403;&#29702;&#30001;&#36926;&#26399;&#25903;&#20184;&#32929;&#26435;&#36716;&#35753;&#27454;&#26102;&#24212;&#20184;&#30340;&#36829;&#32422;&#37329;&#20026;&#27599;&#24310;&#26399;&#19968;&#26085;&#24212;&#21521;&#20057;&#26041;&#25903;&#20184;&#36926;&#26399;&#20184;&#27454;&#37329;&#39069;&#30340;&#19975;&#20998;&#20043;&#20116;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">8.2</TD><TD STYLE="text-align: left">Unless otherwise agreed, the Parties agree that the liquidated
damages hereof shall be 5% of the Equity Transfer Price hereunder, provided that if Party A delays in paying the Equity Transfer Price
without justifiable reasons, the liquidated damages payable shall be 0.05% of the overdue payment payable to Party B for each day of
delay.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">8.3</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19968;&#26086;&#21457;&#29983;&#36829;&#32422;&#34892;&#20026;&#65292;&#36829;&#32422;&#26041;&#24212;&#24403;&#21521;&#23432;&#32422;&#26041;&#25903;&#20184;&#36829;&#32422;&#37329;&#65292;&#24182;&#36180;&#20607;&#22240;&#20854;&#36829;&#32422;&#32780;&#32473;&#23432;&#32422;&#26041;&#36896;&#25104;&#30340;&#25439;&#22833;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">8.3</TD><TD STYLE="text-align: left">In case of any breach, the defaulting party shall pay liquidated
damages to the non-defaulting party and compensate the non-defaulting party for the losses caused by its breach.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">8.4</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25903;&#20184;&#36829;&#32422;&#37329;&#24182;&#19981;&#24433;&#21709;&#23432;&#32422;&#26041;&#35201;&#27714;&#36829;&#32422;&#26041;&#32487;&#32493;&#23653;&#34892;&#21512;&#21516;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">8.4</TD><TD STYLE="text-align: left">The payment of liquidated damages shall not affect the request
of the non-defaulting party to the defaulting party to continue to perform the Contract.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt"></P>

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#20061;&#26465;
&#20105;&#35758;&#30340;&#35299;&#20915;</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in"><B>Article 9 Dispute
Resolution</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">9.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#30340;&#25928;&#21147;&#12289;&#35299;&#37322;&#21450;&#23653;&#34892;&#22343;&#36866;&#29992;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#27861;&#24459;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">9.1</TD><TD STYLE="text-align: left">The validity, interpretation, and performance of this Contract
shall be governed by the laws of the People&rsquo;s Republic of China.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">9.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#21516;&#21508;&#26041;&#24403;&#20107;&#20154;&#22240;&#26412;&#21512;&#21516;&#21457;&#29983;&#30340;&#20219;&#20309;&#20105;&#35758;&#65292;&#22343;&#24212;&#39318;&#20808;&#36890;&#36807;&#21451;&#22909;&#21327;&#21830;&#35299;&#20915;&#65292;&#21327;&#21830;&#19981;&#25104;&#65292;&#20219;&#20309;&#19968;&#26041;&#21487;&#21521;&#19993;&#26041;&#25152;&#22312;&#22320;&#30340;&#20154;&#27665;&#27861;&#38498;&#25552;&#36215;&#35785;&#35772;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">9.2</TD><TD STYLE="text-align: left">Any dispute arising out of this Contract shall be settled
by the Parties through friendly negotiation. If negotiation fails, either party may file a lawsuit with the People&rsquo;s Court at the
place where Party C is located.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#26465;
&#36890;&#30693;&#21450;&#36865;&#36798;</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in"><B>Article 10 Notice
and Service</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">10.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#26412;&#21512;&#21516;&#26377;&#25928;&#26399;&#20869;&#65292;&#22240;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#25919;&#31574;&#30340;&#21464;&#21270;&#65292;&#25110;&#20219;&#19968;&#26041;&#20007;&#22833;&#23653;&#34892;&#26412;&#21512;&#21516;&#30340;&#36164;&#26684;&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#33021;&#21147;&#65292;&#23548;&#33268;&#24433;&#21709;&#26412;&#21512;&#21516;&#30340;&#23653;&#34892;&#65292;&#35813;&#26041;&#24212;&#25215;&#25285;&#30456;&#24212;&#30340;&#22312;&#21512;&#29702;&#26102;&#38388;&#20869;&#36890;&#30693;&#30340;&#20041;&#21153;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">10.1</TD><TD STYLE="text-align: left">During the term of this Contract, if the performance of this
Contract is affected by changes in laws, regulations, and policies, or if either party loses its qualification and/or capacity to perform
this Contract, such party shall be obliged to give corresponding notice within a reasonable time.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">10.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#21512;&#21516;&#21508;&#26041;&#21516;&#24847;&#65292;&#19982;&#26412;&#21512;&#21516;&#26377;&#20851;&#30340;&#20219;&#20309;&#36890;&#30693;&#65292;&#20197;&#20070;&#38754;&#36865;&#36798;&#26041;&#24335;&#26041;&#20026;&#26377;&#25928;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">10.2</TD><TD STYLE="text-align: left">The Parties agree that any notice in connection with this
Contract shall be effective only if it is served in writing.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">10.3</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36890;&#30693;&#36865;&#36798;&#19979;&#21015;&#22320;&#28857;&#25110;&#21508;&#26041;&#30340;&#23454;&#38469;&#32463;&#33829;&#22320;&#25110;&#20303;&#25152;&#22320;</FONT>:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">10.3</TD><TD STYLE="text-align: left">The notice shall be served to the following places or the
actual place of business or domicile of each party:</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#30002;&#26041;&#22320;&#22336;&#65306;
&#27993;&#27743;&#30465;&#32461;&#20852;&#24066;&#26477;&#24030;&#28286;&#19978;&#34398;&#32463;&#27982;&#25216;&#26415;&#24320;&#21457;&#21306;&#32428;&#19971;&#19996;&#36335;</FONT>5<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">Address of Party A: No.5, Weiqi
East Road, Shangyu Economic and Technological Development Zone, Hangzhou Bay, Shaoxing City, Zhejiang Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20057;&#26041;&#22320;&#22336;&#65306;
&#27993;&#27743;&#30465;&#37329;&#21326;&#24066;&#23162;&#22478;&#21306;&#38597;&#30024;&#38215;&#19979;&#24215;&#26449;</FONT>37<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">Address of Party B: No.37,
Xiadian Village, Yafan Town, Wucheng District, Jinhua City, Zhejiang Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#19993;&#26041;&#22320;&#22336;&#65306;
&#27993;&#27743;&#30465;&#37329;&#21326;&#24066;&#23162;&#22478;&#21306;&#37329;&#35199;&#32463;&#27982;&#24320;&#21457;&#21306;&#20025;&#38686;&#36335;</FONT>500<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21495;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">Address of Party C: No.500,
Danxia Road, Jinxi Economic Development Zone, Wucheng District, Jinhua City, Zhejiang Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in"></P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 8pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: center">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#19968;&#26465;
&#21512;&#21516;&#30340;&#29983;&#25928;</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in"><B>Article 11 Effectiveness
of the Contract</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&#26412;&#21512;&#21516;&#30001;&#21508;&#26041;&#22312;&#26412;&#21512;&#21516;&#25991;&#39318;&#27880;&#26126;&#20043;&#26085;&#31614;&#32626;&#24182;&#20110;&#31614;&#32626;&#20043;&#26085;&#36215;&#29983;&#25928;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">This Contract shall be executed
by the Parties on the date indicated at the beginning of this Contract and shall come into force on the date of execution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&#31532;&#21313;&#20108;&#26465;
&#20854;&#20182;</B></FONT></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in"><B>Article 12 Miscellaneous</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">12.1</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#30340;&#20219;&#20309;&#26465;&#27454;&#26080;&#25928;&#65292;&#19988;&#20854;&#26080;&#25928;&#23545;&#26412;&#21512;&#21516;&#30340;&#23653;&#34892;&#19981;&#20135;&#29983;&#26681;&#26412;&#24615;&#24433;&#21709;&#26102;&#65292;&#35813;&#31561;&#26465;&#27454;&#30340;&#26080;&#25928;&#19981;&#24433;&#21709;&#26412;&#21512;&#21516;&#20854;&#23427;&#26465;&#27454;&#30340;&#25928;&#21147;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">12.1</TD><TD STYLE="text-align: left">In the event that any provision of this Contract is invalid
and its invalidity does not fundamentally affect the performance of this Contract, the invalidity of such provision shall not affect
the validity of other provisions hereof.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">12.2</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20219;&#20309;&#19968;&#26041;&#26410;&#33021;&#34892;&#20351;&#25110;&#36831;&#24310;&#34892;&#20351;&#20854;&#22312;&#26412;&#21512;&#21516;&#39033;&#19979;&#20043;&#20219;&#20309;&#26435;&#21033;&#65292;&#24182;&#19981;&#26500;&#25104;&#23545;&#35813;&#31561;&#26435;&#21033;&#30340;&#25918;&#24323;&#65307;&#20219;&#20309;&#19968;&#26041;&#26410;&#33021;&#36861;&#31350;&#25110;&#36831;&#24310;&#36861;&#31350;&#20854;&#20182;&#26041;&#24403;&#20107;&#20154;&#22312;&#26412;&#21512;&#21516;&#39033;&#19979;&#30340;&#36131;&#20219;&#24182;&#19981;&#26500;&#25104;&#23545;&#35813;&#31561;&#36131;&#20219;&#30340;&#35905;&#20813;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">12.2</TD><TD STYLE="text-align: left">The failure or delay by either party to exercise any of its
rights hereunder shall not constitute a waiver of such right; the failure or delay by either party to hold the other party liable under
this Contract shall not constitute a waiver of such liability.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">12.3</TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21512;&#21516;&#19968;&#24335;&#21441;&#20221;&#65292;&#26412;&#21512;&#21516;&#21508;&#26041;&#21508;&#25191;&#19968;&#20221;&#65292;&#20854;&#20313;&#30001;&#30446;&#26631;&#20844;&#21496;&#25345;&#26377;&#20197;&#25253;&#26377;&#20851;&#30331;&#35760;&#26426;&#20851;&#21150;&#29702;&#21464;&#26356;&#30331;&#35760;&#20043;&#29992;&#12290;&#22914;&#26524;&#22312;&#24037;&#21830;&#30331;&#35760;&#22791;&#26696;&#20013;&#38656;&#35201;&#21478;&#34892;&#26681;&#25454;&#24037;&#21830;&#34892;&#25919;&#31649;&#29702;&#23616;&#25110;&#24066;&#22330;&#30417;&#30563;&#31649;&#29702;&#23616;&#35201;&#27714;&#31614;&#35746;&#32929;&#26435;&#36716;&#35753;&#21327;&#35758;&#31561;&#25991;&#20070;&#65292;&#21508;&#26041;&#21487;&#20197;&#21478;&#34892;&#31614;&#35746;&#65292;&#20294;&#21327;&#35758;&#20869;&#23481;&#19982;&#26412;&#21327;&#35758;&#21457;&#29983;&#20914;&#31361;&#25110;&#19981;&#19968;&#33268;&#30340;&#65292;&#20197;&#26412;&#21327;&#35758;&#20026;&#20934;&#12290;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left; width: 0.25in"></TD><TD STYLE="width: 0.5in; text-align: left">12.3</TD><TD STYLE="text-align: left">This Contract is made in triplicate, with each party holding
one copy and the rest held by the Target Company for change registration with the relevant registration authority. If it is necessary
to enter into an Equity Transfer agreement or other instruments as required by the Administration for Industry and Commerce or the Administration
for Market Regulation for the industrial and commercial registration and filing, the Parties may enter into such instruments separately.
In the event of any conflict or inconsistency between the content of such agreement and this Agreement, this Agreement shall prevail.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 23.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"> &#65288;&#20197;&#19979;&#26080;&#27491;&#25991;&#65289;</P>



<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(THE REMAINDER OF
THIS PAGE IS INTENTIONALLY LEFT BLANK)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 20pt; text-align: left; text-indent: -20pt">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="text-align: left; margin: 0pt"></P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: bottom"><TD STYLE="text-align: left; width: 33%">&nbsp;</TD><TD STYLE="text-align: left; width: 34%"></TD><TD STYLE="width: 33%; text-align: right">&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;</TD></TR><TR STYLE="vertical-align: bottom"><TD STYLE="text-align: left; border-bottom: Black 1.5pt solid">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: right">Equity Transfer Contract</TD></TR></TABLE><P STYLE="text-align: left; margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#65288;&#26412;&#39029;&#20026;&#27993;&#27743;&#21319;&#38451;&#20877;&#29983;&#36164;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#12298;&#32929;&#26435;&#36716;&#35753;&#21512;&#21516;&#12299;&#30340;&#31614;&#32626;&#39029;&#65289;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Signature Page of <I>Equity Transfer Contract</I>
for Zhejiang Shengyang Renewable Resources Technology Co., Ltd.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#36716;&#35753;&#26041;&#65288;&#31614;&#21517;&#65289;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Transferor (signature) </B>/s/ Xu Shengyang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#21463;&#35753;&#26041;&#65288;&#20844;&#31456;&#65289;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Transferee (official seal)</B>: Zhejiang Hitrans
Lithium Technology Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#25480;&#26435;&#20195;&#34920;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Authorized representative: /s/ Wu Haijun</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&#30446;&#26631;&#20844;&#21496;&#65288;&#20844;&#31456;&#65289;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Target Company (official seal)</B>: Zhejiang
Shengyang Renewable Resources Technology Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#25480;&#26435;&#20195;&#34920;&#65306;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Authorized representative: /s/ Xu Shengyang</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 7.05pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0pt; text-align: left">&#38468;&#20214;&#19968;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0pt; text-align: left">Annex I</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0.25in; text-align: justify">&#27993;&#27743;&#21319;&#38451;&#20877;&#29983;&#36164;&#28304;&#31185;&#25216;&#26377;&#38480;&#20844;&#21496;&#20027;&#35201;&#31649;&#29702;&#20154;&#21592;&#21644;&#26680;&#24515;&#25216;&#26415;&#20154;&#21592;&#21517;&#21333;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 0.25in; text-align: justify">List of Major Management Personnel
and Core Technical Personnel of Zhejiang Shengyang Renewable Resources Technology Co., Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 31.05pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: White; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; border: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#24207;&#21495;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>S/N</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="width: 47%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#22995;&#21517;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Name</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="width: 44%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#32844;&#21153;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Title</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>1</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#24464;&#21319;&#27915;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Xu Shengyang</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#33891;&#20107;&#38271;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chairman</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>2</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#38470;&#25991;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lu Wen</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#24635;&#32463;&#29702;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>General Manager</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>3</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#24464;&#22869;&#33275;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Xu Yizhen</B></P></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#21103;&#24635;&#32463;&#29702;</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Deputy General Manager</B></P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 7.5pt 0pt 31.05pt; text-align: justify">&nbsp;</P>
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 8pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&#38468;&#20214;&#20108;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Annex II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#27993;&#27743;&#12304;&#12305;&#26377;&#38480;&#20844;&#21496;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Zhejiang [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ] Co., Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&#20986;&#36164;&#25345;&#32929;&#35777;&#26126;&#20070;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Capital Contribution Certificate</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#33268;&#65306;&#12304;&#12305;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To: [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#36149;&#20844;&#21496;&#23545;&#12304;&#12305;&#26377;&#38480;&#20844;&#21496;&#65288;&#26412;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20844;&#21496;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#24050;&#23436;&#25104;&#20986;&#36164;&#37329;&#39069;&#20154;&#27665;&#24065;&#12304;&#12305;&#20803;&#65288;&#20854;&#20013;&#20154;&#27665;&#24065;&#12304;&#12305;&#19975;&#20803;&#20316;&#20026;&#23545;&#20844;&#21496;&#27880;&#20876;&#36164;&#26412;&#30340;&#22686;&#36164;&#65292;&#20154;&#27665;&#24065;&#12304;&#12305;&#20803;&#20316;&#20026;&#20844;&#21496;&#30340;&#36164;&#26412;&#20844;&#31215;&#37329;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">In witness whereof, your company
has completed a capital contribution of RMB [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] (including RMB [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] as an increase in the registered capital of the Company and RMB [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]
as the Company&rsquo;s capital reserve) to [ ] Co., Ltd. (the &ldquo;Company&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20986;&#36164;&#21518;&#65292;&#36149;&#20844;&#21496;&#25345;&#26377;&#26412;&#20844;&#21496;&#12304;&#12305;&#19975;&#20803;&#27880;&#20876;&#36164;&#26412;&#65292;&#21363;&#25345;&#26377;&#20844;&#21496;&#32422;&#12304;&#12305;</FONT>%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#32929;&#20221;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">After the capital contribution,
your company holds a registered capital of RMB [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], which is approximately [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]% of the Company&rsquo;s shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&#29305;&#27492;&#35777;&#26126;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&#29305;&#27492;&#35777;&#26126;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: .25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
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    <TD STYLE="width: 40%">&#12304;&#12305;&#26377;&#38480;&#20844;&#21496;&#65288;&#20844;&#31456;&#65289;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] Co., Ltd. (official seal)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&#27861;&#23450;&#20195;&#34920;&#20154;&#31614;&#32626;&#65306;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Legal representative (signature):</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&#26085;&#26399;&#65306;2023&#24180; &#26376; &#26085;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>Date: , 2023</TD></TR>
  </TABLE>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>ea186191ex99-1_cbakenergy.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CBAK Energy Announces a Strategic Investment
in BAK Power</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">DALIAN, China, Sept. 28, 2023 /PRNewswire/ --
CBAK Energy Technology, Inc. (NASDAQ: CBAT) (&ldquo;CBAK Energy,&rdquo; or the &ldquo;Company&rdquo;), a leading lithium-ion battery manufacturer
and electric energy solution provider in China, today announced that its wholly-owned subsidiary, Nanjing CBAK New Energy Technology Co.,
Ltd (&ldquo;Nanjing CBAK&rdquo;), has reached an agreement with Shenzhen BAK Battery Co., Ltd. (&ldquo;BAK Battery&rdquo;) to acquire, from
BAK Battery, a 5% stake in Shenzhen BAK Power Battery Co., Ltd. (&ldquo;BAK Power&rdquo;), an unrelated, well-respected power battery R&amp;D
and manufacturing company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Under the terms of the agreement, Nanjing CBAK
will acquire a 5% stake in BAK Power for RMB260 million (or approximately $35.57 million), based on a mutually agreed-upon fair market
valuation of RMB5.2 billion (or approximately $710 million). As one of China&rsquo;s leading companies in the development of model 46800 batteries,
BAK Power has agreed to supply its battery products to CBAK Energy, creating synergy with models 46115 and 46157 batteries developed by
CBAK Energy and reinforcing product supply while establishing non-compete agreements for certain key customers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Founded in 2001, BAK Power, as one of the foremost
lithium battery manufacturers in China, is dedicated to developing a global new energy business. Leveraging its core technology of self-developed
lithium batteries, BAK Power focuses on promoting efficient power supply for electric vehicles and providing stable energy storage system
products. BAK Power is recognized for its research and development of power batteries and advancing cylindrical lithium battery technology.
BAK Power has consistently remained at the forefront of the industry due to its forward-looking approach and continuous innovation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Existing main shareholders of BAK Power include
renowned Chinese financial institutions, including: China Cinda Asset Management Co., Ltd., one of China&rsquo;s largest asset management companies;
Shenzhen Capital Group Co., Ltd., a top-tier Chinese private equity firm; and CMS Capital Co., Ltd., one of the largest broker-owned investment
firms in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Yunfei Li, Chairman and Chief Executive Officer
of CBAK Energy, stated, &ldquo;We&rsquo;re thrilled to be bringing CBAK Energy and BAK Power together. This strategic acquisition of a minority
interest in BAK Power will enable us to leverage our collective expertise and resources to drive innovation and deliver advanced products
to our customers, enhancing our leading position in the power battery industry and further strengthening our capability in cylindrical
lithium battery production and electric energy solutions.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>About CBAK Energy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">CBAK Energy Technology, Inc. (NASDAQ: CBAT) is
a leading high-tech enterprise in&nbsp;China&nbsp;engaged in the development, manufacturing, and sales of new energy high power lithium
batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company&rsquo;s products and
solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and
other high-power applications. In&nbsp;January 2006, CBAK Energy became the first lithium battery manufacturer in&nbsp;China&nbsp;listed
on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in&nbsp;Dalian,&nbsp;Nanjing&nbsp;and Shaoxing, as well as
a large-scale R&amp;D and production base in&nbsp;Dalian.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For more information, please visit&nbsp;ir.cbak.com.cn.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Safe Harbor Statement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">This press release contains &ldquo;forward-looking
statements&rdquo; that involve substantial risks and uncertainties. All statements other than statements of historical facts contained
in this press release, including statements regarding the Company&rsquo;s future results of operations and financial position, strategy,
plans, and expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The Company has attempted to identify forward-looking
statements by terminology including &ldquo;anticipates,&rdquo; &ldquo;believes,&rdquo; &ldquo;can,&rdquo; &ldquo;continue,&rdquo; &ldquo;could,&rdquo;
&ldquo;estimates,&rdquo; &ldquo;expects,&rdquo; &ldquo;intends,&rdquo; &ldquo;may,&rdquo; &ldquo;plans,&rdquo; &ldquo;potential,&rdquo;
&ldquo;predicts,&rdquo; &ldquo;should,&rdquo; or &ldquo;will&rdquo; or the negative of these terms or other comparable terminology. Actual
results of the Company may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking
statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The forward-looking statements included in this
press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any
forward-looking statements, other than as required by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>For further inquiries, please contact:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>In&nbsp;China:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CBAK Energy Technology, Inc.<BR>
Investor Relations Department<BR>
Phone: 86-18675423231<BR>
Email:&nbsp;ir@cbak.com.cn</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Piacente Financial Communications<BR>
Ms.&nbsp;Hui Fan<BR>
Tel: +86-10-6508-0677<BR>
Email:&nbsp;CBAK@thepiacentegroup.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>In&nbsp;the United States:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Piacente Financial Communications<BR>
Ms.&nbsp;Brandi Piacente<BR>
Tel: +1-212-481-2050<BR>
Email:&nbsp;CBAK@thepiacentegroup.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
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      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>cbat-20230927_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.23.3</span><table class="report" border="0" cellspacing="2" id="idm139974585972592">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Sep. 27, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Sep. 27,  2023<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-32898<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">CBAK ENERGY TECHNOLOGY, INC.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001117171<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">86-0442833<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">NV<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">BAK Industrial Park<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Meigui Street<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine3', window );">Entity Address, Address Line Three</a></td>
<td class="text">Huayuankou Economic Zone<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Dalian<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCountry', window );">Entity Address, Country</a></td>
<td class="text">CN<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">116450<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">86<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">3918-5985<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.001 par value<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CBAT<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine3">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 3 such as an Office Park</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine3</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCountry">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>ISO 3166-1 alpha-2 country code.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCountry</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:countryCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
