Lanzhou Heavy Industries: Gansu Guotou plans to transfer 90% of Lanzhou Heavy Industries Group's equity for free.

Lanshi Heavy Equipment announced that the Gansu Provincial State-owned Assets Supervision and Administration Commission plans to transfer the 90% equity of Lanshi Group directly held to Gansu Guotou for free. After completion, Gansu Guotou will indirectly control 46.09% of the A-share circulation shares of Lanshi Heavy Equipment, becoming an indirect controlling shareholder, and the actual controller of the listed company remains unchanged. As of the date of the opinion issuance, the equity transfer has not been completed due to the need to report to the State Administration for Market Regulation for anti-monopoly approval. The financial advisor, Hualong Securities, stated that during the supervision period, Lanshi Heavy Equipment operated in compliance and Gansu Guotou did not violate commitments, follow-up plans, and other related obligations.