HUAMING(SZ:002270) Shang Hai Zheng Quan Bao·2025-05-05 20:25Transaction Overview - The company approved the sale of 100% equity in Guizhou Changzheng Electric Co., Ltd. for no more than RMB 19.8564 million through a public inquiry and agreement transaction [2] - The transaction amount was finalized at RMB 1 million with Shanghai Xinjiahe Industrial Co., Ltd. [3] Buyer Information - Shanghai Xinjiahe Industrial Co., Ltd. was established on March 24, 2025, with a registered capital of RMB 100,000 and is owned 99% by Li Guoqiang [6][4] - The company has no assets or revenue as of March 31, 2025 [5] Valuation and Pricing - The valuation of Guizhou Changzheng Electric was assessed at RMB 19.8564 million based on an asset-based approach [8] - The final transaction price was negotiated based on this valuation and other reports [8] Contractual Details - The agreement stipulates that the buyer will pay RMB 1 million, with RMB 950,000 to one seller and RMB 50,000 to another [10] - The payment is to be made in full within 30 days of the agreement's effectiveness [11] Financial Impact - The sale is expected to result in a loss of approximately RMB 16.1 million on the company's 2025 profit total [18] - Post-transaction, Guizhou Changzheng Electric will no longer be included in the company's consolidated financial statements [18] Purpose and Strategic Impact - The sale aims to mitigate potential legal risks and optimize resource allocation, enhancing operational efficiency [18] - The transaction is positioned to support the company's long-term interests and stability [18]