Hongsheng Huayuan announced that the company received a letter from the controlling Shareholder ShanDong Electric Power and Equipment, forwarded from China Electric Equipment, regarding the planning of the equity transfer of Hongsheng Huayuan Tower Group Co., Ltd. China Electric Equipment is planning to transfer its directly held 31.52% shares of the company from ShanDong Electric Power and Equipment to itself free of charge. After this transfer is completed, China Electric Equipment will become the direct controlling Shareholder of the company, while the actual controller of the company will still be the State-owned Assets Supervision and Administration Commission of the State Council, and the control of the company will not change. The above-mentioned matters are still in the planning stage and have not completed all legal procedures.