300309.SZ announced that in order to dispose of the company's assets as soon as possible, speed up the recovery of funds, increase cash flow, improve the company's financial situation, and improve the company's sustainable operating capacity. Pingyang Zhengshun Asset Management Partnership (Limited Partnership), a subsidiary of Jiai Technology Group Co., Ltd., Suzhou Jixiang Asset Management Co., Ltd. (collectively referred to as the "transferor"), plans to pay 10 million yuan to Chen Fangbao, Zhang Wenbing, Ye Jiemei (collectively referred to as "transferee" or "Party B") transferred 100% equity of Shanghai Fuzhong Industrial Development Co., Ltd. (referred to as "Shanghai Fuzhong"), a subsidiary of the project. After the completion of this transaction, the company will no longer hold a stake in Shanghai Fuzhong, and Shanghai Fuzhong will no longer be included in the scope of the company's consolidated statements.

In the meantime, Party B designated Shanghai Fuhua Enterprise Management Co., Ltd. (referred to as "Shanghai Fuhua") and the company, Shanghai Fuzhong and Pingyang Jihang Investment Partnership (Limited Partnership) (hereinafter referred to as "Pingyang Jihang") to sign the "debt settlement Agreement of Shanghai Fuzhong Industrial Development Co., Ltd." it is agreed that Shanghai Fuhua will lend to Shanghai Fuzhong by way of loan. On behalf of Shanghai Fuzhong, repay the debt of RMB 162 million to Pingyang Ji Airlines.

In order to guarantee the principal debt under the Shanghai Fuzhong loan contract, Shanghai Fuhua signed a loan mortgage contract with Shanghai Fuzhong, agreeing that the land and above-ground houses held by Shanghai Fuzhong are located at 259 Mindong Road, Cao Lu Town, Pudong New area, Shanghai. The parcel area is 42765.00 square meters and the construction area is 10305.02 square meters mortgaged to Shanghai Fuhua.