On November 20, Gelonghui Co., Ltd. (300195.SZ) announced that on November 20, 2023, the company held the fourth meeting of the sixth board of directors and the fourth meeting of the sixth board of supervisors to deliberate and pass the “bill on the transfer of shares in wholly-owned subsidiaries” and agreed to sell 100% of the shares of the wholly-owned subsidiary Tianjin Guiguan Packaging Materials Co., Ltd. (“Guiguan Packaging” or “target company” for short).

In order to optimize the company's asset structure, revitalize existing assets, improve asset operation efficiency, further focus on core business, and promote the company's high-quality development, the company plans to sign an “equity transfer agreement” with Mr. Guo Jianjun to transfer 100% of Guanguanpak's shares (“underlying equity” for short) to him at a transaction price of 64,245,600 yuan. After the transaction is completed, the company will no longer hold shares in Guiguan Packaging, and Guiguan Packaging will no longer be included in the scope of the company's consolidated statements.