Sichuan Dowell Science and Technology Inc. announcement, to further optimize the asset structure, focus on the chemicals main business to enhance the company's profit level, the company plans to publicly list the debt-based transfer of the holding company Weiyuan Dawood Wood Industry Co., Ltd. (referred to as 'Weiyuan Wood Industry') 62.5% equity at the Property Rights Trading Center. The debt to be transferred also includes the debts of the company and the wholly-owned subsidiary Chengdu Daweining Intelligent Manufacturing Co., Ltd. to Weiyuan Wood Industry. This matter has obtained the consent of Weiyuan Wood Industry's other shareholders, all of whom have waived their preemptive purchase rights. After completion of this transaction, the company will no longer hold equity in Weiyuan Wood Industry, and Weiyuan Wood Industry will no longer be included in the company's consolidated financial statements.
达威股份：拟公开挂牌转让控股子公司威远木业62.5%的股权及公司对其债权
Sichuan Dowell Science and Technology Inc.: Intends to publicly list and transfer control of 62.5% equity of its subsidiary Weiyuan Wood Industry, as well as the company's debt to it.
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