East Group Co.,Ltd.(300376.SZ) plans to publicly transfer 51% equity of its controlling subsidiary Aishente.

East Group Co.,Ltd.(300376.SZ) announced that the company plans to sell its 51% equity interest in its controlling subsidiary Guangzhou Aishente Technology Co., Ltd. ("Aishente") through a public listing transfer via the Guangdong United Property Rights Exchange Center. Upon completion of the transaction, the company will no longer hold any equity interest in Aishente, and Aishente will no longer be included in the company's consolidated financial statements. The minimum listing transfer price for this transaction is RMB 9.3 million. The sale of the target company's equity is primarily aimed at optimizing resource allocation, improving asset operational efficiency, and focusing on the development of the core business. The proceeds from this transaction will be used as working capital for the company's production and operations, which is conducive to the company's business development and enhancing its overall operational quality.