Zhejiang Hengtong Holding (600226.SH) subsidiary intends to transfer the building and construction (including land use rights) located in Deqing County, Huzhou City.

Zhejiang Hengtong Holding (600226.SH) announced that its wholly-owned subsidiary Zhejiang Bake Bio-technology Co., Ltd. (referred to as "Bake Bio") intends to transfer a house and building located at 97 Hengtangqiao Road, Zhongguan Town, Deqing County, Huzhou City, Zhejiang Province to its related party Deqing Jiexin Technology Co., Ltd. (referred to as "Jiexin Technology"). The transfer price for this transaction is negotiated based on the asset valuation results, and set at 30.3234 million RMB.