Baoding Tianwei Baobian Electric announced that the controlling shareholder, Weapons Equipment Group, plans to donate its directly held 37.98% stake in the company, as well as the 100% equity of the company, to China Electrical Equipment. On September 24th and 25th, China Electrical Equipment and Weapons Equipment Group respectively went through the decision-making process and agreed to this free transfer; on September 26th, both parties signed the "Enterprise State-owned Equity Donation Agreement", and will follow the relevant procedures for equity transfer as required.