Shanghai Guao Electronic Technology (SZ:300551) Zheng Quan Zhi Xing·2025-05-19 04:14Core Viewpoint - The independent financial advisor, Huaxing Securities, has been appointed to oversee the major asset sale and related transactions of Shanghai Guao Electronic Technology Co., Ltd. (Guao Technology) [1][2] Group 1: Transaction Overview - Guao Technology plans to sell a 2.00% equity stake in Donggao Technology (Guangdong) Development Co., Ltd. to Shanghai Muyu Enterprise Management Center (Limited Partnership) for cash [4][6] - The transaction price is based on a previous acquisition cost of approximately 79.24 million yuan and a performance compensation receivable of about 73.66 million yuan, with a net difference of 5.57 million yuan to be offset [4][6] - The asset valuation report indicates that as of May 31, 2024, the assessed value of the 2.00% stake is approximately 23.41 million yuan, with a transaction price of 500,000 yuan, reflecting a significant appreciation [4][6] Group 2: Compliance and Approval - The transaction has undergone the necessary decision-making and approval processes, complying with relevant laws and regulations [5][6] - The independent financial advisor confirms that all parties involved have fulfilled their responsibilities and obligations as per the announced transaction plan [6][31] Group 3: Company Performance - Guao Technology's main business includes providing comprehensive solutions for smart financial systems and financial software products, serving clients such as banks and securities firms [32] - In 2024, Guao Technology reported total revenue of 298 million yuan, with a net loss attributable to shareholders of 355 million yuan, and recognized an investment loss of 217 million yuan primarily from investments in Xincun Technology [32] - The financial information services segment experienced a revenue decline of 20.38%, while other income dropped by 83.04% [32]