Xinhao Photoelectricity Technology plans to transfer 100% equity of Anhui Xinguang to LUXSHARE-ICT
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Xinhao Photoelectricity Technology and LUXSHARE-ICT signed a letter of intent for equity transfer, intending to transfer 100% equity of its wholly-owned subsidiary Anhui Xinguang. The transaction is still in the preliminary planning stage and is subject to uncertainty. Since shareholder Wang Yayuan's father is the vice chairman of LUXSHARE-ICT, this transaction constitutes a related party transaction
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