According to the Beijing Municipal Administration of Market Supervision, the case of EQT Fund Management Co., Ltd.'s acquisition of Tianxiang Group Co., Ltd. shares has entered the publicity period. The publicity period is from September 15, 2026 to September 24, 2026. Prior to this acquisition, Tianxiang Group was a listed company with no final controller. After the acquisition is completed, EQT Fund Management and its related parties will indirectly hold 76% of Tianxiang Group's shares; Abu Dhabi Investment Authority and Mubadala Investments will indirectly hold 16% and 8% of Tianxiang Group's uncontrolled shares, respectively. Tianxiang Group will be controlled separately and indirectly by EQT Fund Management and its affiliates.

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