Wang Erqi → JIN MEDICAL INTERNATIONAL LTD. ZJYL

The information set forth in or incorporated by reference into Item 3 of this Schedule 13D is hereby incorporated by reference in its entirety into this Item 4. The transactions described in Item 3 were undertaken in connection with the Issuer's recapitalization and its acquisition of Beijing Tongsheng Technology Co., Ltd. (the "Acquisition"), pursuant to which the Issuer expects to issue a substantial number of additional Class A Ordinary Shares. In connection with these transactions, the Issuer repurchased from Jolly Harmony 3,769,057 Class A Ordinary Shares and subsequently allotted and issued to Jolly Harmony the same number of Class B Ordinary Shares. The purpose of these transactions was to preserve continuity in the ownership and voting control of the Issuer by Mr. Erqi Wang following the issuance of additional Class A Ordinary Shares in connection with the Acquisition. Each Class B Ordinary Share held by Jolly Harmony is entitled to 800 votes per share and is convertible, at the option of its holder, into one Class A Ordinary Share. Except as set forth herein, the Reporting Persons do not have any present plans or proposals which relate to or would result in any of the transactions of this Item 4.