NSWRC(SH:600165) Zheng Quan Zhi Xing·2025-07-21 16:33Transaction Overview - The company approved the transfer of a 10% stake in Ningxia Zhongke Biological New Materials Co., Ltd. from Shizuishan Zhengxingcheng New Materials Technology Partnership for a total consideration of RMB 106 million [1] - The company failed to pay the remaining transfer amount within the stipulated 60 working days, leading to a supplementary agreement allowing payment by October 31, 2022 [2] Debt Settlement Agreement - Due to the outstanding payment, the company was required to pay a penalty of 0.05% per day on the unpaid amount until settled [3] - On November 23, 2023, the company approved a debt settlement agreement using a property as payment for the remaining transfer amount [3] - The company later decided to terminate the debt settlement agreement on December 5, 2023, considering its business development and financial arrangements [3] Property Transfer and Management - The company signed a property holding agreement to ensure the property remains an asset of the company despite the termination of the debt settlement agreement [3] - The company is unable to transfer back the property due to tax payment issues, which are a result of financial constraints [4] - As of the announcement date, the property has been transferred back to the company, and the property holding agreement has been terminated [4][5]