Zheng Quan Zhi Xing·2025-07-18 08:24Core Viewpoint - The company, Nanjing Panda Electronics Co., Ltd., is preparing for a shareholders' meeting to discuss the public transfer of equity in a subsidiary, specifically a 27% stake in Nanjing Ericsson Panda Communication Co., Ltd. [1][4] Group 1: Meeting Procedures - The shareholders' meeting will be chaired by the chairman of the board, with provisions for a vice chairman or a designated director to preside if the chairman is unavailable [2] - Registration for the meeting will occur on July 30, 2025, from 14:00 to 14:30, and shareholders must arrive on time to ensure accurate attendance and voting [2] - Voting will be conducted both in-person and online, with detailed procedures outlined in a prior announcement [2][4] Group 2: Equity Transfer Details - The company plans to publicly transfer a 27% stake in Nanjing Ericsson Panda Communication Co., Ltd., with a total of 49% of the equity being offered for sale by the Chinese shareholders [4][5] - The estimated value of the total equity held by the shareholders in Nanjing Ericsson Panda Communication Co., Ltd. is approximately RMB 1.054 billion as of December 31, 2024 [5] - The initial transfer price for the 49% stake is set at RMB 516.51 million, with the company's portion valued at RMB 284.61 million [5] Group 3: Legal and Regulatory Compliance - The transaction will comply with national asset supervision regulations and will not involve related party transactions [6] - The company has engaged a legal firm to oversee the transaction and ensure compliance with relevant laws [7] - The final terms of the sale, including the buyer and sale price, will be determined based on the results of the public offering [6]