Chunzhong Technology announced that the 17th meeting of the fourth board of directors of the company reviewed and passed a bill to transfer 24% of Guangzhou Chunxin's shares held by the relevant party Wang Zhitao and 25% of the shares held by the unrelated party Huang Zijie. Since 49% of the total shares held by the two have not yet been paid, the transaction price was 0 yuan. After the transaction is completed, the company's shareholding ratio in Guangzhou Chunxin will increase from 51% to 100%. It will become a wholly-owned subsidiary, and the scope of the consolidated statement will not change. The transaction does not require review by a shareholders' meeting and does not constitute a major asset restructuring.

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