New Asia process: proposed acquisition of minority shareholders' interests in holding subsidiaries

[new Asia process: plans to acquire minority shareholders' interests in the holding subsidiary]-according to the announcement of the New Asia process, the company holds a 51% stake in the controlling subsidiary New Asia Zhongning. In order to further strengthen its control over New Asia Zhongning, the company plans to sign an equity transfer agreement with Shanghai Ruishi, a shareholder of New Asia Zhongning. As of the date of disclosure of the announcement, Shanghai Ruishu has not made actual contribution to New Asia Zhongning, and the company intends to transfer the 49% stake in New Asia Zhongning (subscribed capital contribution of 348 million yuan) held by Shanghai Rui Rock at a price of 1 yuan. After the acquisition, New Asia Zhongning will become a wholly-owned subsidiary of the company.