Zhongcheng Co., Ltd.: The first public transfer of subsidiary equity did not attract any buyers.

Zhongcheng Co., Ltd. announced that on September 8, 2025, the company reviewed and approved the transfer of 100% equity in Yade Materials and 100% equity in Yade Chemicals through public listing. The initial listing prices are 105 million yuan and 44 million yuan, respectively, totaling 149 million yuan. As of now, the initial listing has not attracted any qualified potential transferees. The companys management will proceed with subsequent operations based on the authorization of the board of directors.