Jingtou Development: Planning significant asset sale matters, still in the negotiation stage.

Jingtou Development announced that the company intends to transfer the assets and liabilities related to its real estate development business, which it holds, to its controlling shareholder, Jingtou Company, using cash payment. This transaction does not involve issuing shares and will not affect the equity structure or change of the controlling shareholder, constituting a significant asset reorganization and related party transaction. As of the announcement date, the company is continuing its work, organizing intermediaries to conduct due diligence, auditing, and evaluation, and communicating and negotiating with all parties. The specific scope of the target, transaction price, and other factors are yet to be determined. The parties have not signed an agreement, and the matter is still in the planning stage, carrying significant uncertainty.