ST Tongde announced that the company transferred 51% of the shares of the holding subsidiary Jiangsu Tongde Lihua Energy Technology Co., Ltd. to Anhui Zhongjin Digital Technology Co., Ltd. at a price of 6 million yuan. The transaction did not constitute a related transaction or major asset restructuring. The registration procedure for the industrial and commercial change of the recent share transfer in Japan has been completed. The company no longer holds shares with Delaware, and is no longer included in the scope of the company's consolidated financial statements. As of the disclosure date of the announcement, the company has received the share transfer price of 4 million yuan, and the remaining 2 million yuan will be paid as agreed in the agreement. The disposal of non-main business assets will help the company focus on core business, recover capital, and relieve liquidity pressure, and will not have a significant adverse impact on the company's normal production and operation.

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