On June 27th, Guronghui announced that on March 29th, 2024, its indirect non-wholly-owned subsidiary Stdev Ecology (Juancheng) entered into a land use right transfer agreement with the Juancheng County Natural Resources and Planning Bureau (as the transferor). Accordingly, the Juancheng County Natural Resources and Planning Bureau agreed to transfer the land use right of the land to Stdev Ecology (Juancheng) for a total consideration of RMB 10.63 million.

The land refers to a piece of land located at the north of Weiwu Road, Beibeijie Village, Juancheng County, Heze City, Shandong Province, China, with an area of ​​70,808 square meters.