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Tianwo Technology announced on the evening of June 4 that the company plans to sign the Equity Transfer Agreement with Zhenghua Friendship (Zhangjiagang) Environmental Protection Industry Development Co., LTD., and intends to transfer 100% of the shares of the new Coal Chemical Design Institute (Shanghai) Co., Ltd. held by the company to Zhenghua Friendship for 389 million yuan. The funds obtained from this equity transfer are used to repay the company's debts and supplement the company's working capital, which will have a positive impact on the company's cash flow.