Following participating in the strategic placement, Liang Wenfeng also participated in the offline launch of Yushu Technology. Its quantitative agency Ningbo Huifang quantified 155 products for offline placement, including Magic Square 1000 Index Enhanced Enjoy No. 1 private equity investment fund, Magic Square Shanghai and Shenzhen 300 Inclusive No. 1 private equity investment fund, Magic Square Gold Choice Neutral Exclusive No. 7 Phase 5 private equity investment fund, and Magic Square Quantitative Customized No. 16 Phase 2 private equity investment fund, etc., with a total allotment amount of about RMB 29.407,700. In addition, another quantitative agency under Liang Wenfeng's Jiuzhang Asset 43 products were allocated a total of 63,200 shares, with an allocation amount of approximately $9.5297 million. Liang Wenfeng was placed through a total of 198 private equity products from its two entities. A total of 258,200 shares were allocated, with a total placement amount of about 389.374 million yuan. Previously, Liang Wenfeng had participated in the strategic placement of Yushu Technology through its big model company DeepSeek. A total of 933,400 shares were allocated, with an allocation amount of about 141 million yuan. The lockdown period was 36 months. In addition to this new offline placement, Liang Wenfeng was allocated a total of 1.1916 million shares through DeepSeek, Ningbo Magic Square Quantification, and Zhejiang Jiuzhang Asset, for a total of 179.9 million yuan. If the market value of Yushu Technology exceeds 300 billion yuan on the first day of listing, Liang Wenfeng is expected to make a profit of about 704 million yuan.

Following participating in the strategic placement, Liang Wenfeng also participated in the offline launch of Yushu Technology. Its quantitative agency Ningbo Huifang quantified 155 products for offline placement, including Magic Square 1000 Index Enhanced Enjoy No. 1 private equity investment fund, Magic Square Shanghai and Shenzhen 300 Inclusive No. 1 private equity investment fund, Magic Square Gold Choice Neutral Exclusive No. 7 Phase 5 private equity investment fund, and Magic Square Quantitative Customized No. 16 Phase 2 private equity investment fund. A total of 195,000 shares were distributed, with an allotment amount of about 29.407,700 yuan. In addition, another quantitative agency under Liang Wenfeng's Jiuzhang Asset 43 products were allocated a total of 63,200 shares, with an allocation amount of approximately $9.5297 million. Liang Wenfeng was placed through a total of 198 private equity products from its two entities. A total of 258,200 shares were allocated, with a total placement amount of about 389.374 million yuan. Previously, Liang Wenfeng had participated in the strategic placement of Yushu Technology through its big model company DeepSeek. A total of 933,400 shares were allocated, with an allocation amount of about 141 million yuan. The lockdown period was 36 months. In addition to this new offline placement, Liang Wenfeng was allocated a total of 1.1916 million shares through DeepSeek, Ningbo Magic Square Quantification, and Zhejiang Jiuzhang Asset, for a total of 179.9 million yuan. If the market value of Yushu Technology exceeds 300 billion yuan on the first day of listing, Liang Wenfeng is expected to make a profit of about 704 million yuan.