On September 30, Gelonghui announced that, in order to optimize the company's business structure, the company plans to transfer 82.5% equity of Hongsen Electronics and 75% equity of Jindi Hongtai through the Wuxi Property Rights Trading Center. After the transaction is completed, Hongsen Electronics and Jindi Hongtai will no longer be included in the company's consolidation scope. This transaction will be conducted through public listing, and there is uncertainty regarding the counterparty and the final transaction price. The equity transfer price will be based on the equity appraisal report issued by a third-party evaluation institution.