Jiangsu Yabang Dyestuff (603188.SH) intends to transfer 100% equity and debt of Daobo Chemical.

Jiangsu Yabang Dyestuff (603188.SH) announced that the company intends to publicly list and package the transfer of 100% equity in its wholly-owned subsidiary, Jiangsu Daobo Chemical Co., Ltd. (referred to as "Daobo Chemical"), and the receivables held by Jiangsu Yabang Dyestuff against Daobo Chemical through the Changzhou Property Rights Exchange. This transaction is currently in the planning stage, and the pre-listing is merely an information pre-disclosure aimed at seeking potential buyers, and does not constitute a transaction. The public transfer of the equity and receivables of the wholly-owned subsidiary will further optimize the company's resource allocation, reduce management and operational costs, and improve the efficiency of fund utilization. It will not have a significant impact on the company's operations or business development, and there is no harm to the interests of the company and minority shareholders. After the completion of this transaction, Daobo Chemical will no longer be included in the company's consolidated financial statements.