Dongbai Group: Intends to transfer 100% equity of its subsidiary for 1.8278 million RMB.

The Dongbai Group announced that the 12th Board of Directors had approved the proposal to transfer 100% equity of Fujian Dongbai Red Star Business Square Co., Ltd. to Fujian Decheng Huaye Business Management Co., Ltd. for 1.8278 million yuan. This is in line with the company's strategy to transform into a light-asset business. The adjustment will be made based on the audit results on the delivery date. The proposal still needs to be reviewed by the shareholders' meeting. In addition, the Board of Directors agreed to hold the first interim shareholders' meeting for the year 2026 on July 1st.