Tongyu Heavy Industries announced that the company plans to transfer 100% of its shares in Changzhou Haijie Metallurgical Machinery Manufacturing Co., Ltd., a wholly-owned subsidiary through public listing with a property rights trading agency. Currently, it is in the pre-disclosure stage of information before official listing. It does not constitute a transaction. Details such as the counterparty and transaction price are uncertain, and there is uncertainty about whether the transaction can be completed and when. This transfer is in line with the company's strategic plan to focus on its main business. After the transfer is completed, the company will no longer hold shares in Changzhou Haijie, and will no longer be included in the scope of the consolidated statement, which will not have a significant adverse impact on the company's normal production and operation.

Tongyu Heavy Industries announced that the company plans to transfer 100% of its shares in Changzhou Haijie Metallurgical Machinery Manufacturing Co., Ltd., a wholly-owned subsidiary through public listing with a property rights trading agency. Currently, it is in the pre-disclosure stage of information before official listing. It does not constitute a transaction. Details such as the counterparty and transaction price are uncertain, and there is uncertainty about whether the transaction can be completed and when. This transfer is in line with the company's strategic plan to focus on its main business. After the transfer is completed, the company will no longer hold shares in Changzhou Haijie, and will no longer be included in the scope of the consolidated statement, which will not have a significant adverse impact on the company's normal production and operation.