Group 1 - Hangzhou Bank announced the termination of the share transfer agreement with Red Lion Holdings Group, which was originally set to transfer 659 million shares to its subsidiary, Zhejiang Red Lion Cement [1] - The termination is based on a comprehensive consideration of the group's strategic and management situation, aiming to better implement the dual main business development concept of "cement + polysilicon" [1] - After the termination, Red Lion Group's shareholding remains unchanged at 700 million shares, accounting for 9.66% of Hangzhou Bank's total share capital, with no impact on the control or governance of the bank [1]