Ningbo Fuda: The holding subsidiary intends to list and sell 100% equity of Hekou Yingzhou Cement Company.

Ningbo Fuda announced on December 1 that its holding subsidiary Mengzi Yingzhou Cement Co., Ltd. plans to sell 100% equity of its wholly-owned subsidiary Hekou Yingzhou Cement Co., Ltd. through the Ningbo Property Rights Exchange in an open listing manner. The assessed value of the shareholder's equity of Hekou Yingzhou Cement Co., Ltd. is 1.5752 million yuan.