Chengfa Environment: Intends to list and transfer 100% equity of WalkerMan to focus on core businesses.

On August 11, Chengfa Environment announced its intention to publicly transfer 100% equity of its wholly-owned subsidiary Henan Walkman Construction Engineering Co., Ltd. through Henan Zhongyuan Property Rights Trading Co., Ltd., with the base price not lower than the asset evaluation result filed. The transaction has been approved by the board of directors and the supervisory board, does not require approval from the shareholders' meeting, does not constitute a major asset restructuring, and the transaction party is yet to be determined. As of June 30, 2025, Walkman's audited net assets amounted to 105.7583 million yuan, with an assessed appreciation of 9.3012 million yuan. After the transaction, Walkman will no longer be included in the company's consolidated financial statements, and the proceeds will be used for production and operation. This transaction is beneficial for the company to focus on its core business and optimize resource allocation.