Recently, Beijing JAYU Window, Door and Curtain Wall Joint-Stock Co., Ltd. (hereinafter referred to as “JAYU Joint-Stock) has proposed to sign an “Equity Transfer Agreement” with its controlling shareholder JAYU Xinxin Investment (Group) Co., Ltd. (hereinafter referred to as “JAYU Xinxin”) to transfer 100% equity of Beijing AOPU STAR Technology Co., Ltd. (hereinafter referred to as “AOPU STAR Technology”), a wholly-owned subsidiary of JAYU Joint-Stock, to JAYU Group with a referred estimate of RMB 280 million.

This equity transaction still needs to be reviewed by the shareholders meeting. After the transaction is completed, JAYU Joint-Stock will strip its intelligent equipment business off, which will help the listed Company do clear inventory, reduce debt, concentrate resources to continue to maintain the leading status in the energy-saving window, door and curtain wall industry, and strengthen the expansion of Internet + window and door retail market, increase technological investment in the field of photovoltaic modules, undertake EPC projects for high-quality photovoltaic and wind power, focus on the development of photovoltaic new energy and energy-saving windows, doors and curtain walls.