Enlighten Design: Complete the transfer of 100% equity of the wholly-owned subsidiary.
Enlightenment Design announced that the company had previously deliberated and approved the proposal to transfer 100% equity of its wholly-owned subsidiary Shenzhen Jialida Energy Saving Technology Co., Ltd. to Xuanshiqi Mechanical and Electrical Engineering Co., Ltd. The transfer was completed at a price of 1 yuan and the company has received the transfer price. Jialida has completed the change of registration with the industrial and commercial authorities. With this equity transfer transaction completed, the company no longer holds any equity in Jialida and it will no longer be included in the consolidated financial statements. The specific impact of this transfer on net profit will be based on the audit results.
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