ST Jinding: Plans to transfer 40% equity of Beichuan Yuding, no longer consolidated

ST Jinding announced that the company plans to transfer its 40% equity interest in its controlled subsidiary Beichuan Yuding New Material Technology Co., Ltd. to Beichuan Yuchuang Sanyuan Development Group Co., Ltd., with a transaction price of RMB 29.6673 million. After the completion of this transaction, the company's equity interest in Beichuan Yuding will decrease to 11%, and it will no longer have control over it or include it in the scope of consolidated financial statements. This transaction does not involve a related-party transaction, does not constitute a major asset restructuring, and does not require submission to the shareholders' meeting for review. This transaction still requires the counterparty to submit it to the county government executive meeting and the county party committee standing committee for approval, and there is uncertainty.