On December 12, Ge Longhui reported that Jiangsu Safety Wire Rope (603028.SH) announced that its wholly-owned subsidiary Tongren Architectural Design (Suzhou) Co., Ltd. (referred to as "Tongren Design") holds 5% equity in its subsidiary Jiangsu Safety Wire Rope Energy Construction Development (Shanxi) Co., Ltd. (referred to as "Shanxi Jiangsu Safety Rope"). Tongren Design intends to acquire 24% and 20% equity held by other shareholders of Shanxi Jiangsu Safety Rope, Shanghai Qiaochuang Technology Development Co., Ltd. (referred to as "Shanghai Qiaochuang") and Suzhou Jiangsu Safety Wire Rope New Energy Technology Co., Ltd. (referred to as "Jiangsu Safety New Energy"). The total transaction amount is 1,812,477.33 yuan. After the transaction is completed, Tongren Design will hold 49% equity in Shanxi Jiangsu Safety Rope. Shanghai Qiaochuang is a related party of the company, and this acquisition constitutes a related transaction.

Shareholders of Shanxi Jiangsu Safety Rope, Shanghai Qiaochuang, Suzhou Xuantong Investment Management Co., Ltd. (referred to as "Suzhou Xuantong"), and Shanghai Chengpude New Energy Development Partnership (Limited Partnership) (referred to as "Shanghai Chengpude") intend to transfer their holdings of 16%, 25%, and 10% equity in Shanxi Jiangsu Safety Rope to Wuxi Sailuo Industrial Investment Co., Ltd. (referred to as "Wuxi Sailuo"). The company will waive the right of first refusal based on actual Operation conditions and funding arrangements. After the transaction is completed, Wuxi Sailuo will hold 51% equity in Shanxi Jiangsu Safety Rope. Shanghai Qiaochuang, Shanghai Chengpude, Suzhou Xuantong, and Wuxi Sailuo are related parties of the company, and the aforementioned waiver of the right of first refusal constitutes a related transaction.