ST Jinding: The Proposed Transfer of 40% Equity of Beichuan Yuding, a Holding Subsidiary, Will Lose Control

On October 19, ST Jinding (600678. SH) announced that the company intends to transfer 40% of its shares in Beichuan Yuding New Material Technology Co., Ltd. to Beichuan Yuchuang Sanyuan Development Group at a transaction price of 29.6673 million yuan. After

the transfer, the company's shareholding ratio will be reduced from 51% to 11%, and it will no longer have control over Yuding, Beichuan, and will no longer be included in the scope of consolidated statements. This transaction does not involve related party transactions and does not constitute a major asset reorganization.