Road smooth technology: completed the transfer of 100% equity of its wholly-owned subsidiary Nanyang Changfeng

Luchang Technology announced that on June 13, 2025, the company signed a "Equity Transfer Agreement" with Guo Xiumei, Zhu Shucheng, and Long Cheng Capital, intending to transfer its 100% equity in Nanyang Changfeng for 60.28 million yuan to Long Cheng Capital. The agreement stipulates that Long Cheng Capital shall pay 51% of the transfer payment by June 30 and the remaining 49% by December 31. The company received the first installment before June 30 and completed the industrial and commercial changes in July. On December 26, the company received the remaining transfer payment, and the transaction was completed, with Nanyang Changfeng no longer included in the consolidated financial statements.