Tianmai Technology announced that it plans to transfer 90% of the shares of its wholly-owned subsidiary Henan Xinmaian Automobile Inspection Co., Ltd. to Henan Zhiming Enterprise Management Partnership for 436,400 yuan. This transaction constitutes a related transaction and still needs to be submitted to the company's shareholders' meeting for consideration. Mr. Guo Jianguo, an affiliate with an interest in the related transaction, will abstain from voting at the shareholders' meeting. The transaction is not expected to have an impact on the company's current profit and loss. It will increase the company's cash inflow by about 398.372 million yuan to supplement the company's working capital, optimize the asset structure, and focus on the development of the main business.

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