松炀资源：关于公开挂牌转让子公司股权的公告

Core Viewpoint - The company plans to publicly transfer 100% equity of its wholly-owned subsidiary, Shantou Songyang New Materials Special Paper Co., Ltd. (referred to as "Songyang New Materials"), through the Guangdong Equity Exchange Center, with a starting price of 100 million RMB [1] Group 1 - The board of directors approved the proposal for the public transfer of the subsidiary's equity during the 25th meeting of the fourth board session held on November 14, 2025 [1] - The equity valuation is based on an assessment provided by Zhonglian International Real Estate Land Asset Evaluation Consulting (Guangdong) Co., Ltd., considering market value and other factors [1] - To reduce operational costs and losses, the management has decided to suspend operations at Songyang New Materials [1]