XINZHU CORPORATION announced that its controlling shareholder Sichuan Development intends to transfer 66.1138 million shares of the company and 100% equity of Sichuan Development Rail Transit Industry Investment Co., Ltd. to Shudao Group without compensation. After this transfer is completed, the controlling shareholder of the company will change from Sichuan Development to Shudao Group, but the actual controller will still be the Sichuan Provincial State-owned Assets Supervision and Administration Commission. The agreement will take effect from the date of necessary approval in accordance with state-owned asset supervision and management regulations. This transfer does not involve employee placement, and the labor relations and social security payment channels will remain unchanged. During the transfer period, the profits and losses of XINZHU CORPORATION will be borne or enjoyed by shareholders according to their shareholding ratio