Jiangsu Zhongli Group (002309.SZ) intends to sell 100% equity of Zhongli in Qinghai and divest inefficient assets.

Jiangsu Zhongli Group (002309.SZ) announced that the Board of Directors has approved the proposal to transfer 100% equity of its wholly-owned subsidiary, Qinghai Zhongli, to Qinghai Qingyin Project Management Co., Ltd. ("Qinghai Qingyin") and related parties by signing the Equity Transfer Agreement. The agreement stipulates that the company will transfer its 100% equity of Qinghai Zhongli Fiber Optics Technology Co., Ltd. ("Qinghai Zhongli") to Qinghai Qingyin at a price of 951,500 yuan. The transfer of 100% equity of Qinghai Zhongli is part of the implementation of the "Reorganization Plan" by the management to divest inefficient assets, which will help improve the overall operational efficiency of the company, optimize the company's industry layout and resource allocation, and improve the asset structure.