Jilin Yatai announced that to further focus on its main business, optimize its Assets structure and resource allocation, the company's wholly-owned subsidiary, Jilin Yatai Commercial Group, plans to transfer its 100% equity in Changchun Longda Hotel Co., Ltd. through public listing, with the listing price not being less than 23.9308 million yuan. After the Trade is completed, Jilin Yatai Commercial Group will no longer hold equity in Longda Hotel, and Longda Hotel will no longer be included in the company's consolidated financial statements. This Trade does not constitute a major Assets restructuring, and the trading counterpart will be determined based on the results of the public listing, with it temporarily being unable to confirm whether it constitutes a related party transaction.