ST Hui Cheng: Transfer of 30% equity of the subsidiary Fengji Intelligent held by controlling shareholders.

*ST Huicheng announcement: The company has publicly listed its controlling subsidiary, Peak Intelligence, on the Chongqing United Property Exchange for the transfer of 30% of its equity. After evaluation, the net asset book value of Peak Intelligence's total shareholder equity is 5.55 million yuan, with an assessed value of 14.1917 million yuan. The company has set the minimum transfer price at 5.1 million yuan, with the final price subject to actual transaction conditions. As of the disclosure date of this announcement, Peak Intelligence has completed the commercial change procedures for the transfer of equity, and is no longer included in the company's consolidated financial statements. The company still holds 21.7241% of its equity. The counterparty in this transaction is Chongqing Dongsu Tongxin Technology Co., Ltd., with a transaction price of 5.1 million yuan.