Hongda Electronics announced that the company plans to transfer Xu Qianjun's 2,4253 million yuan shares in Hunan Hongwei for RMB 158.369 million, accounting for 5.45% of Hunan Hongwei's registered capital. This transaction constitutes a related transaction. On September 11, the 19th meeting of the fourth board of directors of the company deliberated and passed the relevant bill. After the transaction, the proportion of shares held by the company in Hunan Hongwei increased from 53.35% to 58.8%.

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