Hunan Airbluer Environmental Protection Technology (301259.SZ) plans to transfer 70% of the equity of its holding subsidiary, Hanyu New Energy.

Hunan Airbluer Environmental Protection Technology (301259.SZ) announced that, based on the company's strategic development plan, in order to further focus on business development and optimize resource allocation, the company plans to sign a "Equity Transfer Agreement" with Lingxi Zhizao (Nanjing) Technology Co., Ltd. (referred to as "Lingxi Zhizao"), transferring 70% of the equity of its holding subsidiary Hanyu Xineng (Hangzhou) Technology Development Co., Ltd. (referred to as "Hanyu Xineng") to Lingxi Zhizao, for a transfer price of RMB 7.682 million. After the completion of the transaction, the company will no longer hold equity in the target company and it will no longer be included in the company's consolidated financial statements.