Zhongbai Group announced that the company plans to transfer 100% of its shares in Wuhan Zhongbai Logistics Distribution Co., Ltd. to Wuhan Grain and Oil Group Co., Ltd., at a transfer price of 71.32,100 yuan. The transaction constituted a related transaction. The transferee, Grain and Oil Group, and the Wuhan Federation of Commerce, the largest shareholder of the company, were all state-owned enterprises under the Wuhan Industrial Investment Holding Group. After the transaction is completed, the company will no longer hold shares in Zhongbai Logistics, and it will no longer be included in the scope of the consolidated statement.

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