ST Jinhong announced that in order to focus on the core gas business, optimize regional asset layout, and revitalize existing assets and improve cash flow, the company plans to transfer all of its shares in Weihai Gas Co., Ltd. The transaction is expected to constitute a major asset sale, not a restructuring and listing. Currently, it is in the phase of public collection of intended transferees. The counterparty, transaction method, transaction price, and whether it constitutes a related transaction have not yet been determined. There is uncertainty about whether the transaction can be completed, and it is impossible to predict the profit and loss of the transaction and the impact on the company's financial situation.

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