Zheng Quan Zhi Xing·2025-07-15 16:16Core Viewpoint - The company plans to transfer 27.89% of its stake in Shanghai Zijiang New Materials Technology Co., Ltd. to Shanghai Weitai Industrial Automation Co., Ltd. for RMB 298.52 million, while retaining a 31.05% stake post-transaction [1][2][3] Summary by Sections Transaction Overview - The company holds 58.94% of Zijiang New Materials and intends to transfer 16,562,301 shares, representing 27.89% of the total shares, to Weitai [2][3] - The transaction is classified as a related party transaction and does not constitute a major asset restructuring [1][2] - Approval from Weitai's shareholders and relevant regulatory bodies is required for the transaction to proceed [1][5] Financial Details - The valuation of Zijiang New Materials was assessed at RMB 1.1 billion, reflecting a net asset appreciation of RMB 564.996 million, with an appreciation rate of 105.61% [3][14] - The agreed transfer price of RMB 298.52 million is based on the assessed value, with a payment structure involving installments [3][23] Related Party Transaction - The transaction involves related parties, as Weitai is controlled by the same individual as the company, and there are no other significant related transactions in the past 12 months [2][6][8] - The company’s board approved the transaction with a majority vote, and independent directors reviewed it prior to the board meeting [5][27] Impact on Company - The transaction is expected to positively influence the company's net profit by approximately RMB 250 million for the fiscal year 2025 [26] - Post-transaction, Zijiang New Materials will no longer be included in the company's consolidated financial statements, clarifying the company's core business focus [26][27] Regulatory Compliance - The transaction must comply with relevant legal and regulatory requirements, including approvals from Weitai's shareholders and other necessary permits [5][27] - The company has ensured that the transaction adheres to market principles and does not harm the interests of shareholders [26]