On August 23, huasi holding (002494.SZ) announced that the company held the 14th meeting of the fifth board of directors on August 23, 2024, and approved the "Proposal on the Cancellation of Wholly-Owned Subsidiaries", agreeing to cancel the wholly-owned subsidiary Hebei Huasi Qiu Pi Xiao Zhen Industrial Co., Ltd. (hereinafter referred to as "Huasi Qiu Pi Xiao Zhen").
Wholly-owned subsidiary Huasi Qiu Pi Xiao Zhen mainly engages in the development and construction of the western area project of Huasi Qiu Pi Xiao Zhen and related businesses. According to the company's development plan, the actual operation of Huasi Qiu Pi Xiao Zhen, and the company's future global strategy, in order to further integrate resources, increase the operational efficiency of the company's assets, and reduce operational management costs, after careful consideration by the company, it was decided to cancel Huasi Qiu Pi Xiao Zhen, and the subsequent business will be taken over by the company.