Suzhou Chunqiu Electronic Technology (603890.SH) plans to transfer 11.97% of equity in Ma'anshan Hengjing for a price of 40.9085 million yuan.

Suzhou Chunqiu Electronic Technology (603890.SH) announced that the company plans to transfer 11.97% of the equity held in Ma'anshan Hengjing New Energy Technology Co., Ltd. (referred to as "Ma'anshan Hengjing" or the "target company") to Liu Youhong and Wuhan Hengjing Electric Heating Equipment Co., Ltd. (referred to as "Wuhan Hengjing"). The total transaction amount is 40.9085 million yuan. The company's transfer of equity in Ma'anshan Hengjing is based on the company's strategic planning needs, which will help to concentrate company resources, develop advantageous industries, reduce company asset control risks, improve investment quality, promote healthy company growth, strengthen overall competitiveness, enhance profit capabilities, and align with the company's long-term development strategy.