Shenghang Group (001205.SZ) plans to sell 48.55% equity of its affiliate company, Andefu Energy Technology.

Tencent Finance App News, Shenghang Stock (001205.SZ) announced that in order to further optimize the company's asset structure and focus on its core business, the company plans to transfer 48.55% equity of its affiliated company Jiangsu Andefu Energy Technology Co., Ltd. (hereinafter referred to as "Andefu Energy Technology") to Jiangsu Tianyan Energy Technology Co., Ltd. (hereinafter referred to as "Jiangsu Tianyan"), Hangzhou Yuejia Technology Co., Ltd. (hereinafter referred to as "Yuejia Technology"), and Yeyang Supply Chain Management (Nanjing) Co., Ltd. (hereinafter referred to as "Yeyang Supply Chain"). Among them, Jiangsu Tianyan will acquire 28.55% equity, while Yuejia Technology and Yeyang Supply Chain will acquire 10% equity each.