State Grid Yingda: Wholly-owned subsidiary plans to sell 100% equity of Yingda Futures for 1.129 billion yuan.

State Grid Corporation of China (SGCC) announced that its wholly-owned subsidiary, SGCC Securities, intends to sell 100% equity stake in SGCC Futures to China Oil Capital Limited for RMB 1.129 billion. The transaction was evaluated by Walkson International Asset Appraisal Co., Ltd. at a value of RMB 1.129 billion, an appreciation rate of 8.31%. The transaction price has been confirmed by the State-owned Assets Supervision and Administration Commission. Approval from the State-owned Assets Supervision and Administration Commission is still required, and China Oil Capital Limited needs approval from the China Securities Regulatory Commission as the controlling shareholder of SGCC Futures. Once the transaction is completed, SGCC Futures will no longer be included in the company's consolidated financial statements.