On March 19, Gelonghui Innovation Source (300731.SZ) announced that Anhui Microchip Changjiang Semiconductor Materials Co., Ltd. (“Microchip Changjiang”) is a participating company holding 3.3708% of the company's shares. The company recently learned that in order to implement the state-owned enterprise reform and development requirements, Tongling Construction Investment Holding Co., Ltd., the shareholder of Microchip Changjiang, is currently optimizing and adjusting its share structure. According to the actual development situation of Tongling Construction, it plans to transfer the full amount of the 5.6180% shares in the Microchip Changjiang (corresponding investment amount of RMB 50 million) to Anhui Hengzhen Investment Co., Ltd. free of charge. The company and other former shareholders of Microchip Changjiang intend to relinquish the preferential purchase rights of this share transfer. After the equity transfer was completed, the company still held 3.3708% of the shares in Microchip Changjiang.