Zheng Quan Zhi Xing·2025-07-09 16:23Transaction Overview - The company is transferring 95% equity of Shandong Zhiyou Network Security Technology Co., Ltd. and related debts through public listing [1][2] - The transaction aims to optimize the company's asset structure, improve cash flow, and enhance asset operation efficiency [9] Transaction Details - The initial listing prices for the equity and debts were set at RMB 20,530,001, RMB 18,477,001, and RMB 16,424,001, but no qualified buyers were found [2] - The final adjusted listing price for the equity was set at RMB 15,397,501, with the equity transfer priced at RMB 1 and the debt transfer at RMB 15,397,500 [6][7] - The buyer is Shenzhen Mifan Cultural Communication Co., Ltd., which has signed a property transaction contract with the company [2][7] Financial Assessment - The valuation of the equity and debts was conducted using asset-based and hypothetical liquidation methods, with total assessed values amounting to RMB 5,100.72 million and RMB 2,052.64 million, resulting in a total decrease of RMB 3,048.08 million [6] - The company has not received the full transaction price and has not completed the property transfer procedures, indicating uncertainty in the transaction's completion [1][10] Corporate Governance - The transaction was approved by the board with a unanimous vote, and independent directors reviewed the matter prior to the board meeting [2] - The company has disclosed that there have been no other transactions with the buyer prior to this announcement, ensuring transparency [9]