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Huasheng Biological: Transfers 80% equity of Wuhan Shengchong for a total price of 5.52 million yuan
Huasheng Biological Announcement: The company and its controlled subsidiary, Wuhan Chongyi Biotechnology Co., Ltd., intend to transfer a total of 80% equity stake in Wuhan Shengchong Technology Co., Ltd. to Wuhan Xingzhishang Technology Partnership (Limited Partnership). The total transfer price for this equity is 5.52 million RMB. After the transaction is completed, the company will hold a 20% equity stake in Wuhan Shengchong, and Wuhan Shengchong will no longer be included in the company’s consolidated financial statements.