M&S ELECTRONICS announced that after inquiring institutional investors, the preliminary transfer price determined for the share transfer by the company's shareholders is RMB 32.59 per share. A total of 11 institutional investors participated in this inquiry transfer, including fund management companies, qualified foreign institutional investors, private fund managers, and securities companies. The shares intended for transfer in this inquiry have been fully subscribed, with the preliminary determined transferees being 11 institutional investors, and the total number of shares to be transferred is 6.1869 million shares