Sinoma Energy Saving announced that the company previously approved the public listing and transfer of the office building located at A12 Financial Port, No. 77 Optics Valley Avenue, Donghu New Technology Development Zone, a wholly-owned subsidiary, through review. The property targeted by this development has been collected from the transferee, and the Wuhan Institute of Building Materials has officially signed an “Asset Transaction Contract” with Hubei Shengtian Network Technology Co., Ltd., with a transaction price of RMB 40 million. The transferee must make a one-time payment of the transfer price within three working days after the entry into force of the contract. This transaction does not constitute a related transaction, nor does it constitute a major asset restructuring, and will not adversely affect the normal production and operation of the company.

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