KCT announced that the share transfer agreement signed between the company's controlling shareholder, Tibet Yingbang Industrial Development Co., Ltd., and Tianjin Jinnan State-owned Capital Investment Operation Group Co., Ltd. has been terminated. The shares involved in this agreement amounted to 108 million shares, accounting for 5.00% of the company's total share capital, with a transfer price of 17.17 yuan per share. The termination of this agreement will not affect the company's governance structure and ongoing operations, nor will it harm the interests of the company and small and medium-sized investors