Rongsheng Development: Subsidiary intends to acquire 100% equity of Yingtai Hebei and Yingtai Guangdong for 40 million yuan.

Rongsheng Development announced that its subsidiaries Langfang Rongzhe and Hangzhou Rongyao intend to sign a "Equity Transfer Agreement" with Zibo Zhongji Investment, a subsidiary of Zhongji Investment Holdings, and its subsidiary Tianjin Zhongji Investment. Langfang Rongzhe will purchase 100% equity of Yingde Jihong and Yingde Jiyue, with a total transaction price of 40 million yuan. Of this, 15 million yuan will be directly paid by Langfang Rongzhe's designated creditor, and 25 million yuan will be transferred by Langfang Rongzhe's designated Hangzhou Rongyao to Zibo Zhongji Investment or its designated entity as payment. This transaction constitutes a related party transaction, does not constitute a major asset restructuring, and does not require approval by the shareholder meeting.