Group 1 - The company, Jinzi Tianzheng, plans to transfer a 5.00% stake in its associate, Dahui Private Fund Management Co., Ltd., to Steel Research Investment Co., Ltd. for a transaction price based on an asset appraisal report, amounting to 16.3987 million yuan [1] - The appraisal report indicates that as of May 31, 2025, the book value of Dahui Private Fund's equity is 304.3039 million yuan, with an assessed value of 327.9735 million yuan, resulting in an appreciation of 23.6697 million yuan and an appreciation rate of 7.78% [1] - After the completion of this transaction, the company will no longer hold any equity in Dahui Private Fund [1] Group 2 - Other stakeholders in Dahui Private Fund include Steel Research Investment (80.00%), Antai Technology Co., Ltd. (6.67%), Beijing Steel Research High-tech Co., Ltd. (5.00%), and New Metallurgy High-tech Group Co., Ltd. (3.33%) [2] - Antai Technology plans to transfer its 6.67% stake to China Steel Research Group Co., Ltd., while Steel Research High-tech and New Metallurgy Group also plan to transfer their respective stakes to China Steel Research [2] - The company has decided to waive its right of first refusal regarding these transfers, as the involved parties are all controlled by China Steel Research, making this transaction an associated transaction [2]