On September 24, Gelunhui reported that China Spacesat (600118.SH) announced that from August 2023 to July 2024, the Space Institute publicly listed and transferred 7.66% equity of Titanium Gold Technology held by Beijing Property Exchange. After the expiration of the listing disclosure announcement period, Guotou Gaoxin has identified an interested transferee. Recently, Guotou Gaoxin signed a Property Trading Contract with Space Institute and has obtained the property trading certificate. After the transaction is completed, Guotou Gaoxin's equity stake in Titanium Gold Technology will increase from 35% to 42.66%, still remaining as the controlling shareholder of Titanium Gold Technology. The business registration change of Titanium Gold Technology is currently in progress, and the business registration change will be disclosed in the company's subsequent periodic reports.