Core Viewpoint - The company, Nanjing Estun Automation Co., Ltd., is transferring 20% of its subsidiary, Yangzhou Shuguang, to a newly established employee stock ownership platform, Shuguang Lanfengqi, to optimize resource allocation and focus on core business [1][2]. Transaction Overview - The total transfer price for the 20% stake in Yangzhou Shuguang is RMB 94 million, reducing the company's ownership from 68% to 48% [2][5]. - Yangzhou Shuguang will no longer be included in the consolidated financial statements of the listed company after the transaction [2][6]. Transaction Parties - The buyer, Shuguang Lanfengqi, is a limited partnership established by the management team and key employees of Yangzhou Shuguang [2][3]. - The partnership was formed on June 11, 2025, with Jiang Xingke as the managing partner [2]. Financial Information - As of the announcement date, the assets of Yangzhou Shuguang are not encumbered by any third-party rights or legal disputes [3][4]. - The registered capital of Yangzhou Shuguang is RMB 37.5 million, with Nanjing Dingkong holding 68% and Jiang Xingke's company holding 32% [4]. Valuation Basis - The valuation of Yangzhou Shuguang's total equity was assessed at RMB 460 million, with the transfer price reflecting a fair and reasonable basis according to the appraisal report [5][6]. Purpose and Impact of the Transaction - The transaction aims to enhance the company's resource allocation and industry layout, allowing for a more focused approach to its core business and long-term strategic planning [8]. - The management team and key employees of Yangzhou Shuguang are expected to be more motivated, promoting sustainable independent development [8].
埃斯顿: 关于转让控股子公司部分股权的公告