Keyuan Smart announced that Smart Energy Company, a wholly-owned subsidiary of the company, plans to transfer 70% of the shares held by Lingbi Guozhen and its claims to Xuzhou Tianan. The total transaction amount is RMB 35 million. The transaction was reviewed and approved by the 5th meeting of the 7th board of directors of the company and still needs to be submitted to the company's shareholders' meeting for review; after the transaction is completed, the company will no longer hold shares in Lingbi Guozhen, and it will no longer be included in the scope of the company's consolidated statements.

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