Zhongcheng Co., Ltd.: Plans to publicly transfer 100% equity of its subsidiary at no less than 1 yuan.

Zhongcheng Co., Ltd. announced that its subsidiary, Singapore Yade Co., Ltd., intends to publicly solicit potential transferees through local newspapers in Malaysia to sell 100% equity of its wholly-owned subsidiary, Malaysia Yade Co., Ltd., with a transfer price of no less than 1 RMB. This transaction has been approved by the fifth meeting of the 10th Board of Directors of the company and does not require submission to the shareholders' meeting for deliberation. The final transaction counterpart and price are subject to uncertainty.