Songsheng Co., Ltd. announced that the company plans to transfer 6.25% of its shareholding company Chongqing Jinggang Transmission Technology Co., Ltd. to Zhejiang Wuzhou Xinchun Group Co., Ltd. at a price of 24.06.25 million yuan. After the transaction is completed, the company will no longer hold shares in Chongqing Jinggang Transmission, which will not result in a change in the scope of the company's consolidated statements. This transaction does not constitute a related transaction, nor does it constitute a major asset restructuring, and there is no need to submit it to the company's shareholders' meeting for review.

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