Xinzhu Co., Ltd. announced that the company plans to issue shares to Shudao Group and pay cash to purchase 60% of Shudao Clean Energy's shares, while also selling assets such as 100% shares of Chuanfa Maglev and 100% shares of Xinju Transportation Group to Shudao Rail Transit Group and Sichuan Road and Bridge. The transaction consideration for the assets to be placed is 5.603 billion yuan, the transaction consideration for the assets to be sold is 1,455 billion yuan, the issue price is 511 yuan/share, and the number of shares to be issued is 905 million shares. This transaction constitutes a related transaction and a major asset restructuring. It does not constitute a restructuring and listing. It has been approved by the Sichuan Provincial State-owned Assets Administration Commission. It still needs to be reviewed and approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission.

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