Transfer of Anhui Huatai

Huatai Corporation (600308) announced on the evening of Nov 30 that its subsidiary, Anhui Huatai, plans to transfer the land use rights, buildings, structures, and some machinery and equipment located in the Anhui Huatai factory area in the industrial park of forest-pulp-paper integration, Xihu Village, Laofeng Town, Yingjiang District, Anqing City, Anhui Province to Anqing Lingang Construction and Development Co., Ltd. The transaction amount is planned to be 766 million yuan including taxes.