Lanzhou Greatwall Electrical (600192.SH): Plans to transfer 100% equity of its wholly-owned subsidiary, Changkai Electric Power, for 348 million yuan.

Changcheng Electric (600192.SH) announced that its wholly-owned subsidiary, Tianshui Changcheng Switch Factory Group Co., Ltd., intends to transfer 100% of the equity of its wholly-owned subsidiary, Tianshui Changkai Electric Power Engineering Co., Ltd. (referred to as Changkai Electric), with an assessed value of 348 million yuan, to the wholly-owned subsidiary of the company's controlling shareholder, Gansu Electric Equipment Group Co., Ltd., Gansu Electric Equipment Group Water Conservancy and Hydropower Engineering Co., Ltd. This transaction will further focus on the core business of manufacturing power transmission and distribution equipment, optimize resource allocation, and enhance the overall profitability and sustainable operating capabilities of the company.