Huaci Co., Ltd. announced that in order to optimize resource allocation and rationalize the management structure, improve management efficiency and professional management level, it plans to transfer 12% of its direct shareholding of 61% of Hunan Tonglian Intelligent Manufacturing Co., Ltd. to its subsidiary Jiangxi Jinhuan Pigment Co., Ltd. The transfer of 12% of Tonglian Smart's shares corresponds to the paid-up registered capital investment amount of 1.2 million yuan, and the consideration for the share transfer is RMB 1.2 million. After the transfer is completed, Jiangxi Jinhuan will hold 51% of Tonglian Smart's shares, the company will hold 49% of Tonglian Smart's shares, and Tonglian Intelligence will become a holding subsidiary of Jiangxi Jinhuan.

Huaci Co., Ltd. announced that in order to optimize resource allocation and rationalize the management structure, improve management efficiency and professional management level, it plans to transfer 12% of its direct shareholding of 61% of Hunan Tonglian Intelligent Manufacturing Co., Ltd. to its subsidiary Jiangxi Jinhuan Pigment Co., Ltd. The transfer of 12% of Tonglian Smart's shares corresponds to the paid-up registered capital investment amount of 1.2 million yuan, and the consideration for the share transfer is RMB 1.2 million. After the transfer is completed, Jiangxi Jinhuan will hold 51% of Tonglian Smart's shares, the company will hold 49% of Tonglian Smart's shares, and Tonglian Intelligence will become a holding subsidiary of Jiangxi Jinhuan.