Shengtai Group announced that its wholly-owned subsidiary Hunan Xinma intends to transfer 15.66% equity of Foshan Sanshui Tianhong Trading Investment Co., Ltd. held by it to Yangzhou Xinjia Eco-friendly Technology Co., Ltd., with a transfer amount of 0.28 billion yuan. The transaction has been reviewed and approved by the board of directors and the supervisory board, without the need for a shareholder meeting. After the successful completion of the transaction, Hunan Xinma will no longer hold equity in Tianhong Trading. This sale aligns with the company's global strategy development plan, helping the company focus on its core business, optimize asset structure, and improve asset operation efficiency. The completion of the transaction requires handling of relevant procedures such as equity change registration.