Jin10 Data reported on December 26 that TJSUD announced that the company originally planned to publicly transfer 60% equity of its controlling subsidiary Tianji Company at the Tianjin Property Rights Exchange Center, with an initial listing price of 299 million yuan. The parties involved in the transaction failed to reach a consensus during the process, and the company decided to terminate this transaction. This matter has been approved by the board of directors, and all independent directors of the company expressed their agreement. The termination of this transaction will not affect the company's normal production and operation, nor will it have an adverse impact on the company's financial condition