Zhuhai Zhongfu: Intends to transfer 100% equity of its wholly-owned subsidiary Nanning Sincere to Suzhou Sifang, with a transfer price of RMB 13.927 million.

Zhuhai Zhongfu Announcement: The company plans to transfer 100% equity of its wholly-owned subsidiary Nanning Chengyi Packaging Co., Ltd. to Suzhou Sifang Vehicle Parts Co., Ltd. in Suzhou Industrial Park. The transfer price of the equity is RMB 13.927 million. Suzhou Sifang, the counterparty, has no related relationship with the company. This equity transfer does not constitute a related party transaction, does not constitute a major asset restructuring as stipulated in the "Regulations on the Management of Major Asset Restructuring of Listed Companies", and the ownership of the transferred equity is clear, with no legal obstacles such as mortgage or judicial freeze. After the transaction is completed, the company will no longer hold equity in Nanning Chengyi, and Nanning Chengyi will no longer be included in the company's consolidated financial statements.