ST Molong (002490) announced on the evening of May 20 that the company plans to sell directly heldnftgamesilluvium100% equity of Shouguang Maolong New Materials Technology Development Co., Ltd.(referred to as "Shouguang Maolong") and 100% equity of Shouguang Molong Logistics Co., Ltd.(referred to as "Molong Logistics"). The two subsidiaries of Shouguang Maolong and Molong Logistics have had poor operating results in recent years and suffered continuous losses, which has a great impact on the overall operating results of listed companies. The proposed sale of equity in two subsidiaries will help further optimize the asset-liability structure, revitalize existing assets, and achieve effective allocation of company resources.