St Gaosheng (000971): Subsidiary Plans To Sell 100% Equity Of Shanghai Youchi

St Gaosheng (000971) announced on the evening of May 9 that Shanghai yingyue, a wholly-owned subsidiary of the company, intends to sell 100% equity of its wholly-owned subsidiary, Shanghai Youchi Network Technology Co., Ltd. (hereinafter referred to as "Shanghai Youchi"), and signed the equity transfer framework agreement with Beijing Yishi construction technology Development Co., Ltd. The equity transfer scheme involved in the framework agreement signed this time is only the intentional agreement reached by all parties, and the formal equity transfer agreement signed by all parties shall prevail.

This transaction is a decision made by the subsidiary company according to the overall development plan of the company, reasonably adjusting the business structure of the company, further meeting the needs of the company's strategic development layout, and improving the overall asset efficiency of the company.

The transfer pricing of this transaction will be carried out in accordance with the principles of openness, fairness and impartiality, without harming the interests of all parties involved in the transaction. The equity transfer will not have a significant impact on the normal operation of the company.

After the completion of the merger, the scope of the transaction will be changed.

St Gaosheng (000971) announced on the evening of May 9 that Shanghai yingyue, a wholly-owned subsidiary of the company, intends to sell 100% equity of its wholly-owned subsidiary, Shanghai Youchi Network Technology Co., Ltd. (hereinafter referred to as "Shanghai Youchi"), and signed the equity transfer framework agreement with Beijing Yishi construction technology Development Co., Ltd. The equity transfer scheme involved in the framework agreement signed this time is only the intentional agreement reached by all parties, and the formal equity transfer agreement signed by all parties shall prevail.

This transaction is a decision made by the subsidiary company according to the overall development plan of the company, reasonably adjusting the business structure of the company, further meeting the needs of the company's strategic development layout, and improving the overall asset efficiency of the company.

The transfer pricing of this transaction will be carried out in accordance with the principles of openness, fairness and impartiality, without harming the interests of all parties involved in the transaction. The equity transfer will not have a significant impact on the normal operation of the company.

After the completion of the merger, the scope of the transaction will be changed.