ST Weihai (002586.SZ) plans to list the transfer of 90.3085% of Shanghai Millennium's shares.

Zhtng Cijng APP News, *ST Wihi (002586.SZ) issued an announcement to focus on the development of the company's main business, further concentrate resources to strengthen advantageous businesses, and enhance the company's core competitiveness. The company plans to transfer its 90.3085% stake in Shanghai Qiannian through public listing on the production exchange. The initial listing price shall not be lower than the evaluation value of the asset appraisal agency, with a minimum price of RMB 521,600.