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Xin Dazhou A: intends to transfer Uruguay company debt and equity to Dalian Heshen

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Xin Dazhou A announcement: It is proposed to transfer to the Company’s largest shareholder, Dalian Hesheng Holding Group Co., Ltd., the aggregate receivables of USD 6.3447 million held by its wholly owned subsidiary Xin Dazhou (Zhejiang) Trading Co., Ltd. from Uruguay—RONDATELS.A. (Factory 22) and LIRTIX S.A. (Factory 177)—as well as the 50% equity interest in LORSINAL S.A. (Factory 224) held by the Company’s subsidiary Hengyang Hong Kong Development Co., Ltd. The receivables of Factory 22 and Factory 177 are guaranteed by Dalian Hesheng, and were paid in the amount of RMB 45.6113 million on December 31, 2024. The equity interest in Factory 224 is priced at USD 1. The transaction constitutes a related-party transaction and is subject to approval by the shareholders’ meeting.
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