Guosheng Securities: The controlling shareholder will transfer 90% of the shares for free, and the controlling shareholder will change.

Guosheng Securities announced that recently, the Jiangxi Provincial State-owned Assets Supervision and Administration Commission and the Jiangxi Provincial Department of Transportation signed an agreement on the free transfer of equity of Jiangxi Communications Investment Group. The Jiangxi Provincial Department of Transportation plans to transfer 90% of its equity in Jiangxi Communications Investment Group to the Jiangxi Provincial State-owned Assets Supervision and Administration Commission. After this transfer is completed, the controlling shareholder of the company will still be Jiangxi Communications Investment Group, but the actual controller will change from the Jiangxi Provincial Department of Transportation to the Jiangxi Provincial State-owned Assets Supervision and Administration Commission, which will not have a significant impact on the company's governance and operations.