State Grid Yingda's subsidiary intends to sell 100% equity of Yingda Futures for 1.129 billion yuan.

State Grid Yingda (600517.SH) announced that, in order to further optimize its financial business layout, its wholly-owned subsidiary Yingda Securities plans to sell 100% equity of Yingda Futures it holds to Petrochina Group Capital Co., Ltd. for a price of 1.129 billion yuan. The transaction is planned to be conducted in cash, and will not involve the issuance of shares, nor will it result in a change in the company's control. If the transaction is successfully completed, Yingda Futures will no longer be included in the company's consolidated financial statements. The transfer of 100% equity of Yingda Futures in this transaction will help the company focus on its main business, optimize its business structure, and further enhance its core competitiveness. This transaction will increase the company's cash flow, enabling the company to concentrate resources on further expanding its transformation business, and will play a positive role in the company's strategic transformation.