China-Singapore Suzhou Industrial Park Development Group announced that the company has decided to terminate the plan to transfer 100% equity of China-Singapore Heshun Commercial Investment Co., Ltd. Previously, the company planned to transfer the equity of China-Singapore Heshun in stages through China-Singapore Intelligent Land, with the initial transfer ratio not exceeding % of the overall equity, which was originally planned for completion in 2024. Due to the scarcity of the project, after re-research and assessment, China-Singapore Intelligent Land intends to enhance the overall operation of the commercial street at No. 36 Shuifang Road owned by China-Singapore Heshun. This termination of transfer will not affect the normal production and operation of the company, nor will it harm the interests of the company and shareholders, especially minority shareholders.