Transfar Zhilian (002010.SZ) plans to transfer 60% of the equity in the Qingdao logistics base to Qingdao Guoda.

Transfer Zhilian (002010.SZ) announced that its subsidiary, Transfar Logistics Group Co., Ltd. (referred to as "Transfar Logistics"), has signed a "Equity Transfer Agreement" to transfer 60% of the equity it holds in Qingdao Transfar Logistics Base Co., Ltd. (referred to as "Qingdao Logistics Base" or "Target Company") to Qingdao Shanghe Guodai Industry Holdings Co., Ltd. ("Qingdao Guodai"). The transaction price was determined to be 510 million yuan based on the book value of the target company's equity. The purchaser of the equity in this transaction is a wholly-owned subsidiary of Jiaozhou State-owned Assets Service Center, and the introduction of state-owned industry investment will further empower the development of Qingdao Logistics Base and enhance its ongoing operational capabilities. After the transaction is completed, the company will retain 40% of the equity in Qingdao Logistics Base, allowing it to continue to have a significant impact on the base. Qingdao Logistics Base will remain a strategic component of the company's highway port physical network, generating synergies with other highway ports the company has established in Shandong Province. Additionally, this transaction will assist the company in achieving effective resource allocation, improving asset quality and operational efficiency, and promoting long-term development in line with the company's strategic goals.