Core Viewpoint - The company plans to transfer 100% equity of its wholly-owned subsidiary, Haimer Hailong, to Lanzhou Fuhua Langyao Technology Co., Ltd. for a preliminary price of 8 million yuan, with the final price based on the net asset evaluation of Haimer Hailong [1] Group 1 - The board of directors approved the proposal during the 39th meeting of the 8th session on September 12, 2025 [1] - The transaction does not constitute a related party transaction or a major asset restructuring, and does not require approval from relevant authorities [1] - Haimer Hailong is engaged in the business of special vehicles for logging and testing, as well as integrated logging vehicles [1]