Suzhou Harmontronics Automation Technology announced that in order to integrate company resources, focus on core business development, optimize industrial layout, and reduce operational risks, the company intends to transfer 81% equity of its holding subsidiary Broad Motors to Shen Hongyan, Wei Yongsheng, and Changshu Hong Broadcom Communication Technology Co., Ltd., with a total transfer price of 48.4065 million yuan. This transaction does not constitute a major asset restructuring and is not considered a related party transaction. After the transaction is completed, the company will no longer hold the equity of Broad Motors, and Broad Motors will no longer be included in the company's consolidated financial statements.