Guangdong Rongtai (600589.SH) announced on October 22 that on September 2, 2024, the company signed a 'Land Use Right Transfer Agreement between Guangdong Rongtai Industrial Co., Ltd. and Jieyang Boyi Hardware Products Co., Ltd.' with Jieyang Boyi Hardware Products Co., Ltd. (referred to as 'Boyi Hardware Products Company' or 'transferee'). Now, considering the changes in the market environment and the actual fund utilization needs of the company, Boyi Hardware Products Company has requested the company to terminate the transfer of land use rights and ownership of above-ground buildings under the 'Transfer Agreement.' In order to ensure that the interests of the company and investors are properly handled, the company has decided to offset the loss expenses incurred due to the termination of the asset sale from the first installment payment made by the transferee. Through this approach, the company has adequately compensated for the relevant losses. Therefore, this matter will not have a significant adverse impact on the company's operation and production, and there is no situation that would harm the interests of the company and small and medium investors.