Baoding Tianwei Baobian Electric (600550.SH) plans to list and transfer 90% of the equity of its Indian company to focus on its core industries.

Baoding Tianwei Baobian Electric (600550.SH) announced that the company plans to publicly list and transfer 90% equity of its subsidiary, Baobian-Atlanta Transformers India Limited (hereinafter referred to as "Indian company"), through the Beijing Property Rights Exchange. The necessary approval procedures for the transfer of state-owned assets have been completed. The total equity value of the Indian company is 90.1121 million yuan, and the assessment results have been registered with the state-owned assets evaluation. The transfer of 90% equity of the Indian company is beneficial for further optimizing resource allocation, focusing on advantageous industries, and aligning with the company's development strategy and positioning. If the transaction is successfully completed, the company will no longer hold equity in the Indian company, and the Indian company will be excluded from the company's consolidated financial statements.