Shandong Shengli announced that its wholly-owned subsidiary, Chongqing Shengbang Gas Co., Ltd., signed an Equity Transfer Agreement with Degao Zhiyuan (Guangdong) Technology Co., Ltd. Chongqing Shengbang Gas will transfer all the equity of its wholly-owned subsidiary, Chongqing Zhongan Engineering & Construction Co., Ltd., to Degao Zhiyuan. Based on the net asset evaluation value of the target company reflected in the Asset Evaluation Report issued by a third-party intermediary institution of 8.3085 million yuan as price reference, considering the asset premium, the two parties planned the transaction price at 10.7664 million yuan in Renminbi.