Xinhua News Agency, June 13, according to the announcement of Shenlong Baoding, a holding subsidiary, the company intends to split its holding subsidiary Shenlong Baoding to be listed on the domestic stock exchange, and authorizes the management of the company to start the preparatory work for the spin-off and listing. This spin-off listing will not lead to the loss of control over Shenlong Baoding, will not have a material impact on the continued operation of other business sectors of the company, and will not damage the company's independent listing status and sustainable profitability.