Core Viewpoint - Zhejiang Weihai Construction Group Co., Ltd. plans to dispose of 90.3085% equity in its subsidiary Shanghai Qinnian Urban Planning Engineering Design Co., Ltd. due to the subsidiary's deteriorating operational performance and to improve the company's asset structure and focus on its main business [1][5][9] Group 1: Meeting and Decision - The company's seventh board of directors held its 22nd meeting on April 25, 2025, where all nine attending directors unanimously approved the proposal to dispose of the equity [1][5] - The decision was made under urgent circumstances, waiving the three-day prior notice requirement [1] Group 2: Transaction Overview - The equity disposal is currently in the preliminary intention stage, with the transaction counterpart and price yet to be determined [4][9] - The company will engage a qualified accounting firm and asset appraisal agency for auditing and evaluation before finalizing the transfer plan [4][9] Group 3: Background of the Subsidiary - Shanghai Qinnian was acquired in 2018, but its operational performance has significantly declined, leading to a substantial drop in revenue and failure to meet expectations [5][9] - The subsidiary's financial struggles have adversely affected the company, prompting the decision to divest [5][9] Group 4: Financial and Operational Impact - The disposal aims to reduce operational risks, improve asset structure, and optimize resource allocation, which is expected to positively impact the company's future performance [9] - The company currently has no operational dealings with Shanghai Qinnian, and the transaction will not affect its business independence [9]
浙江省围海建设集团股份有限公司 第七届董事会第二十二次会议决议的公告