Starry Group: Wholly-owned subsidiary plans to sell assets with expected profits exceeding 10%

Star Cloud Corporation announced that its wholly-owned subsidiary Fuzhou Xingxing Investment Development Co., Ltd. plans to sell its 1.5682% equity interest in FranklinWH Energy, Inc. After the transaction is completed, Xingxing Investment will no longer hold any shares in the company. It is expected that the profits generated from this transaction will exceed 10% of the audited net profit of the company in the most recent fiscal year.