Guotai Group: Wholly-owned subsidiary plans to list and transfer 45% equity of Hongtai Logistics.

The announcement from the Guotai Group stated that its wholly-owned subsidiary, Henghe Investment, intends to publicly list and transfer 45% equity of Hongtai Logistics on the Jiangxi Property Rights Exchange, with a base price of 173 million yuan. As of December 31, 2025, the assessed value of Hongtai Logistics' total equity is 364 million yuan, corresponding to a value of 164 million yuan for the 45% equity. This transaction has been approved by the board of directors and does not require shareholder approval, but the listing procedure still needs to be completed. After the transaction is completed, Henghe Investment will no longer hold equity in Hongtai Logistics, and the company will no longer be included in the consolidated financial statements.