Guanghui Logistics: Transfer of partial equity in two subsidiaries and capital increase in a subsidiary, and connected transaction

Guanghui Logistics announced that the company will transfer the unpaid portion of the equity of its wholly-owned subsidiaries Ningxia Coal Storage and Distribution and Gansu Jiangmei Logistics to Malang Mining Company, a subsidiary of its related party Guanghui Energy, at a price of RMB 0, with Malang Mining Company assuming the subscribed capital contribution obligations of RMB 230 million for Ningxia Coal Storage and Distribution and RMB 112 million for Gansu Jiangmei Logistics. At the same time, Malang Mining Company will increase its capital contribution to Gansu Jiangmei Logistics by RMB 23.7931 million. After the transaction is completed, the company will hold 54.02% equity in Ningxia Coal Storage and Distribution and 58% equity in Gansu Jiangmei Logistics, still retaining control over both subsidiaries, and the scope of consolidated financial statements will remain unchanged. This transaction constitutes a related-party transaction and does not constitute a major asset restructuring. It has been approved by the company's board of directors and has not reached the threshold requiring approval by the shareholders' meeting.