Announcement on Joint Investment with Professional Investment Institutions

Guangdong Dongpeng Holdings Co., Ltd. (the "Company") and all members of the Board guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

I. Investment Overview

Recently, Dongpeng Investment (Hainan) Co., Ltd. (the "Dongpeng Investment Company"), a wholly-owned subsidiary of Guangdong Dongpeng Holdings Co., Ltd., signed the "Partnership Agreement of Foshan Deying Xingtu Venture Capital Partnership (Limited Partnership)" with Ningbo Yingfeng Equity Investment Fund Management Co., Ltd. ("Ningbo Yingfeng"), Yingfeng Group Co., Ltd. ("Yingfeng Group"), Xiamen Hemu Hengying Venture Capital Partnership (Limited Partnership) ("Xiamen Hemu Hengying"), and individuals Wang Fang, Zhang Wei, Zhu Youyi, and Wei Ting. Dongpeng Investment Company will invest 20.06 million RMB as a limited partner in the Foshan Deying Xingtu Venture Capital Partnership (the "Deying Xingtu" or "Partnership"), with a total investment amount of 134.41 million RMB, and an equity ratio of 14.93%. According to the "Shenzhen Stock Exchange Stock Listing Rules," "Self-Regulatory Guidelines No. 7 for Listed Companies - Transactions and Related Transactions," the Company's Articles of Association, and the Company's "Major Transaction Decision-Making System," this investment does not require submission for review by the Company's Board of Directors or shareholders. This investment does not constitute a related party transaction and does not constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies," and does not require approval from relevant authorities.

II. Basic Information of Professional Investment Institutions

(1) General Partner/Executive Partner: Ningbo Yingfeng

1. Company Name: Ningbo Yingfeng Equity Investment Fund Management Co., Ltd.;
2. Nature of Enterprise: Limited Liability Company (Natural Person Investment or Control);
3. Registered Address: Room 401, Building 1, No. 88 Meishan Qixing Road, Beilun District, Ningbo, Zhejiang Province;
4. Registered Capital: 114.280813 million RMB;
5. Date of Establishment: May 9, 2017;
6. Legal Representative: Su Bin;
7. Unified Social Credit Code: 91330206MA290XBD5Q;
8. Main Investment Areas: Focus on strategic emerging manufacturing industries such as intelligent manufacturing and advanced manufacturing, including but not limited to environmental technology, consumer upgrades, culture and pan-entertainment, new materials and technologies;
9. Shareholding Structure: Guangdong Yingfeng Development Co., Ltd. holds 61.2526%, Ningbo Yingfeng and Sheng Enterprise Management Partnership (Limited Partnership) holds 38.7474%;
10. Controlling Shareholder and Actual Controller: Guangdong Yingfeng Development Co., Ltd. is the controlling shareholder, and the actual controller is He Jianfeng;
11. Filing Status: Ningbo Yingfeng has completed filing with the Asset Management Association of China, with fund registration number P1065362;
12. Related Relationship Explanation: The Company has no direct relationship with Ningbo Yingfeng, which is the general partner and executive partner of Ningbo Xinkai Enterprise Management Partnership (Limited Partnership) in which Dongpeng Investment Company holds shares;
13. Whether a Dishonest Executor: No.