According to Jifeng Technology's announcement, Sichuan Jifeng Agricultural Machinery Chain Co., Ltd., a wholly-owned subsidiary of the company, plans to transfer 59.5799% of the shares of Gansu Hexi Jifeng Agricultural Machinery Co., Ltd. to Jiuquan Zhulong Machinery Manufacturing Co., Ltd. at a consideration price of 1.3 million yuan. The transfer price is slightly higher than the audited corresponding net asset share of 1.27 million yuan. After the transaction was completed, Jifeng Chain no longer held shares in Jifeng, Hexi, Gansu, and the target company was no longer included in the scope of the company's consolidated statements. This transaction does not constitute a related transaction or major asset restructuring, and there is no need to submit it to the shareholders' meeting for consideration.

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