On December 17, Gelonghui reported that Jiangsu Jinling Sports Equipment (300651.SZ) convened the 23rd meeting of the 7th Board of Directors on December 17, 2024, and unanimously approved the proposal on the Equity Transfer of its controlling subsidiary, agreeing to transfer 60% of the equity held in Suzhou Jinling Material Engineering Technology Co., Ltd. (referred to as "Jinling Material") to Suzhou Jingzi Materials Co., Ltd. at a transfer price of 1 million yuan.

After the completion of this Trade, the company will no longer hold equity in Jinling Material, and Jinling Material will no longer be included in the company’s consolidated financial statements.