Gifore Agricultural Machinery Chain (300022.SZ) plans to transfer 59.58% equity of its subsidiary Gansu Hexi Gifore.

Zhitong Finance APP news, Jifeng Technology (300022.SZ) issued an announcement. Based on its overall development plan, in order to optimize its shareholding structure and improve operational management efficiency, the company will transfer the 59.5799% equity interest held by its wholly-owned subsidiary Sichuan Jifeng Agricultural Machinery Chain Co., Ltd. (hereinafter referred to as "Jifeng Chain") in Gansu Hexi Jifeng Agricultural Machinery Co., Ltd. (hereinafter referred to as "Gansu Hexi Jifeng" or the "Target Company") to Jiuquan Zhulong Machinery Manufacturing Co., Ltd. (hereinafter referred to as "Jiuquan Zhulong") for a transaction consideration of RMB 1.3 million. After the completion of this transaction, Jifeng Chain will no longer hold any equity interest in Gansu Hexi Jifeng, and Gansu Hexi Jifeng will no longer be included in the scope of the company's consolidated financial statements.