Maoshuo Power: The 98.47% equity of Jinan Chan Fa Group was transferred to Jinan Industrial Control for free.

Mao Shuo Power announced that Jinan State-owned Assets Supervision and Administration Commission intends to transfer its 98.47% equity stake in Jinan Chanfa Group to Jinan Industrial Control for free. After this transfer, Jinan Chanfa Group will retain its operational management authority over the listed company, and the controlling shareholder of the company will still be Chanfa Technology Group, with Jinan Chanfa Group remaining the actual controller. This free transfer does not constitute a tender offer, will not result in a change in the controlling shareholder or the actual controller of the company, and will not have a negative impact on the company's normal production and operation or its continued development.