Gelonghui, November 21丨Chongqing Fenghwa Group (600615.SH) announced that the company's controlling shareholder, Dongfang Xinyuan Group Co., Ltd. (referred to as "Dongfang Xinyuan"), intends to voluntarily donate its 51% equity in Chongqing Xinyuan Agricultural Machinery Co., Ltd. (referred to as "Xinyuan Agricultural Machinery" or "symbol company") to the company. As of September 30, 2024, the appraised value of the above-mentioned symbol company using the asset-based method is 153.4074 million yuan, which represents an increase of 85.9732 million yuan compared to the book value of owner’s equity attributable to parent company in the consolidated financial statements, with an appreciation rate of 127.49%. The company will receive 51% equity of the symbol company, with the actual payment being 0 yuan. The company intends to sign the "Equity Donation Agreement" regarding the donated assets of Chongqing Xinyuan Agricultural Machinery Co., Ltd. with Dongfang Xinyuan.