Henan Yicheng New Energy (300080.SZ) plans to publicly list and transfer 100% equity of Hengruixin.

Henan Yicheng New Energy (300080.SZ) announced that the company plans to publicly list and transfer 100% equity of its wholly-owned subsidiary Kaifeng Hengrui New Diamond Products Co., Ltd. (referred to as "Hengrui Xin") at Henan Zhongyuan Property Rights Exchange Co., Ltd. The trading party has not been confirmed yet, and the final transaction price, payment method, and other key terms of the agreement are currently undecided. During the period when Hengrui Xin was a wholly-owned subsidiary of the company, there were transactions between the company and Hengrui Xin totaling 212 million yuan. After the completion of the equity transfer, the above funds will be passively formed, creating a situation in which the company provides financial assistance to external parties. As Hengrui Xin has ceased operations and is insolvent, there is a risk that the above funds may not be recovered.