Securities Code: 000151 Securities Abbreviation: Zhongcheng Shares Announcement No.: 2026-57
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Zhongcheng Import & Export Co., Ltd.
Announcement on Public Transfer of 100% Equity in a Subsidiary
I. Transaction Overview
On August 10, 2026, Zhongcheng Import & Export Co., Ltd. (hereinafter referred to as the "Company") held the fifth meeting of the tenth Board of Directors, which, by a vote of 11 in favor, 0 against, and 0 abstentions, deliberated and approved the proposal "Regarding the Public Transfer of 100% Equity in a Subsidiary." The Company's subsidiary, Singapore Yade Co., Ltd. (hereinafter referred to as "Yade Company"), plans to publicly solicit potential transferees through Malaysian local newspapers to sell 100% of the equity of its wholly-owned subsidiary, Malaysia Yade Co., Ltd. (hereinafter referred to as "Malaysia Yade Company" or the "Target Company"), with a transfer price of not less than RMB 1.
Based on preliminary calculations, this transaction does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." According to the "Shenzhen Stock Exchange Stock Listing Rules" and the "Articles of Association," this transaction does not require submission to the Company's shareholders' meeting for deliberation. The counterparty and transaction price for this equity transfer are uncertain, and it is currently impossible to determine if it constitutes a related-party transaction. The Company will fulfill the corresponding procedures and information disclosure obligations in a timely manner after determining the final potential transferee.
II. Basic Information of the Transaction Target