Longbai Group announced that in order to further focus on the development of the company's core business and optimize resource allocation, the company and its wholly-owned subsidiary Hong Kong Company plan to transfer all 98.50% of the shares held in the financial leasing company to Jiaozuo State-owned Capital Operation Group Co., Ltd. Among them, the company plans to transfer 65.17% of the shares to the Jiaozuo State-owned Group at a transfer price of RMB 195 million; the Hong Kong Company plans to transfer 33.33% of the shares to the Jiaozuo State-owned Group at a transfer price of RMB 115 million. Meanwhile, Furun Holdings (Shenzhen) Co., Ltd. plans to transfer 1.50% of its shares in the financial leasing company to Jiaozuo State-owned Asset Group at a transfer price of RMB 5.1611,000.

Longbai Group announced that in order to further focus on the development of the company's core business and optimize resource allocation, the company and its wholly-owned subsidiary Hong Kong Company plan to transfer all 98.50% of the shares held in the financial leasing company to Jiaozuo State-owned Capital Operation Group Co., Ltd. Among them, the company plans to transfer 65.17% of the shares to the Jiaozuo State-owned Group at a transfer price of RMB 195 million; the Hong Kong Company plans to transfer 33.33% of the shares to the Jiaozuo State-owned Group at a transfer price of RMB 115 million. Meanwhile, Furun Holdings (Shenzhen) Co., Ltd. plans to transfer 1.50% of its shares in the financial leasing company to Jiaozuo State-owned Asset Group at a transfer price of RMB 5.1611,000.