Pangaea Connectivity Technology Limited (Hong Kong) (Hong Kong SAR, China)

Pangaea Connectivity Technology Limited is a Hong Kong-based company that was incorporated on September 28, 2017. The company was established through a comprehensive change by its shareholders, namely Yuan Jianmin, Che Haixia, Huaju Enterprise, Huahang Machinery, and Zhiyi Investment. The company's net assets, audited by Deloitte Touche Tohmatsu Certified Public Accountants LLP as of June 30, 2017, amounted to 234,632,829.69 yuan after deducting special reserves. Based on a ratio of 1:0.4262, the company issued 100 million shares with a face value of 1 yuan per share, with the remaining amount being included in capital reserves. The shareholders hold corresponding shares in the company based on their respective contributions. On September 28, 2017, the company obtained a business license from the Shenzhen Market Supervision Administration (Unified Social Credit Code: 91440300618871772D) for the establishment of the joint-stock company.