Tianjian Group: Sale of subsidiary company's equity

The Tianjian Group announced that the company and its subsidiary, Guangdong Tong Company, have sold 100% equity of Shenzhen Tianjian Engineering Technology Co., Ltd. and Shenzhen Tongcheng Traffic Construction Engineering Inspection Co., Ltd. to Shenzhen Special Zone Construction Testing Center Co., Ltd. The transaction prices are 39.3431 million yuan and 30,000 yuan respectively. The Board of Directors has approved the proposal, and no shareholder approval is required. This transaction does not constitute a major asset restructuring.