China Communications Construction Corporation announced that its subsidiary, China Communications Investment, collectively transferred its 39% equity stake in cccg real estate corporation held by related parties through an agreement, with a transaction amount of approximately 0.273 billion yuan. This equity transfer involves related-party transactions, but does not constitute a major asset restructuring. This transaction does not require approval by the shareholders' meeting. Over the past 12 months, the cumulative disclosed related-party transactions with the same related party amounted to approximately 0.809 billion yuan. The purpose of the transaction is for the company to focus on its main business, confirm investment income through the equity transfer, and use the funds for the development of the main business.