Zhongsheng High-tech: Intends to sell 100% equity of Zhongsheng New Materials, constituting a major asset restructuring

On November 22, Jinshi Data announced that it will sell its 100% equity in Zhongsheng New Materials Technology Yixing Co., Ltd. through public listing and transfer at the Suzhou Public Resource Trading Center. The counterparty of this transaction is Suzhou Longxiang Investment Partnership Enterprise. Shareholder Xu Hanxiang, who holds more than 5% of the company’s shares, is a limited partner of Longxiang Investment and holds 80% of its shares. This transaction constitutes a major asset restructuring and related party transaction. On November 22, 2024, the 15th meeting of the 9th Board of Directors of the company approved the relevant proposal for this transaction and fulfilled the obligation of information disclosure.