Joyang Co., Ltd. announced that the company plans to transfer 30% of its shares in Hangzhou Taimei Real Estate Co., Ltd. to Zhejiang Zhongsi Industrial Co., Ltd., with a transaction consideration of 60 million yuan. The company held a board of directors meeting on October 22, 2026 to review and approve the matter; after the transaction was completed, the company no longer held shares in Hangzhou Taimei. Of the equity transfer, 57 million yuan is to be settled through debt cancellation and the remaining 3 million yuan will be paid in cash.

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