Hua Ding Group: Yiwu Economic Development Zone plans to publicly solicit transferees to transfer 6.00% equity of the company.

Hua Ding Corporation announced that its shareholder Yiwu Economic Development Zone plans to publicly solicit transferees to transfer 66.2554 million unrestricted shares of the company, accounting for 6.00% of the total share capital of the company. This transfer requires approval from the Yiwu State-owned Assets Supervision and Administration Office, and there are uncertainties regarding whether qualified transferees can be solicited and whether agreement on transaction terms can be reached.