Baowen Electric: Complete the transfer of subsidiary shares.

Announcement from Baobian Electric states that the transfer of 90% shares of Baobian held by Atlanta Transformer India Pvt. Ltd. has been completed, and the full payment for the transfer of shares has been received. Recently, the company has recovered the loans provided to the Indian company in the previous period. As of the disclosure date of this announcement, all relevant work related to the transfer of shares in the Indian company has been completed.