Xin Hongtai: publicly listed transfer of 16.06% equity of subsidiary, priced at 10.764 million yuan.

Xin Hongtai announced that the company will transfer 16.06% equity of its subsidiary Xiamen Lianrong through public listing. Recently, a consortium led by Wu Yifang and Chen Jiwen delisted at a price of 10.76 million yuan and signed a "Property Trading Contract" with the company. This transaction does not constitute a related party transaction or a major asset restructuring. After completion, the company will no longer control Xiamen Lianrong, and it will no longer be included in the consolidated financial statements. This transfer will benefit the company in optimizing its business structure and focusing on its core businesses.