Zhitong Finance App News, Xinri Co., Ltd. (603787.SH) announced that the company plans to transfer 80% of the shares of the wholly-owned subsidiary Zhejiang Xinri Electric Vehicle Co., Ltd. (“Zhejiang Xinri”) to Zhejiang Xinri New Materials Co., Ltd., at a share transfer price of 455.106 million yuan. After the transaction is completed, Zhejiang Xinri will no longer be included in the company's consolidated statements. Starting from the company's overall interests, this transaction is conducive to optimizing the company's asset structure and resource allocation, focusing on superior resources, improving asset efficiency, reducing management costs, and thereby improving the quality of the company's operations.

Zhitong Finance App News, Xinri Co., Ltd. (603787.SH) announced that the company plans to transfer 80% of the shares of the wholly-owned subsidiary Zhejiang Xinri Electric Vehicle Co., Ltd. (“Zhejiang Xinri”) to Zhejiang Xinri New Materials Co., Ltd., at a share transfer price of 455.106 million yuan. After the transaction is completed, Zhejiang Xinri will no longer be included in the company's consolidated statements. Starting from the company's overall interests, this transaction is conducive to optimizing the company's asset structure and resource allocation, focusing on superior resources, improving asset efficiency, reducing management costs, and thereby improving the quality of the company's operations.