Shensangda A: Intends to publicly list and transfer 51% equity of China Electric Jing'an Co., Ltd, with the initial listing price not lower than 130 million yuan.

Shen Kanda A announced that in order to further focus on its main responsibilities and core business, enhance the core competitiveness of the listed company, and achieve the goal of high-quality development, its subsidiary China Electronic System Technology Co., Ltd. intends to publicly list and transfer its 51% equity in Hebei Zhongdian Jingan Energy Conservation and Environmental Protection Technology Co., Ltd. The minimum initial transfer price shall not be less than 130 million yuan. After the transfer is completed, Jingan Energy will no longer be included in the company's consolidated financial statements.