联明股份: 关于减资退出控股子公司的公告

Core Viewpoint - Shanghai Lianming Machinery Co., Ltd. plans to exit its 51% stake in Tianjin Junhe Industrial Co., Ltd. through a capital reduction, resulting in Junhe no longer being a subsidiary included in the company's consolidated financial statements [1][2]. Summary by Sections 1. Overview of the Capital Reduction - The company will reduce its investment in Junhe Industrial, with a total capital reduction of RMB 206.78 million, where the company receives RMB 277 million for its investment of RMB 173.45 million [2][3]. - The capital reduction does not require shareholder meeting approval as it falls within the board's authority and does not involve related party transactions or constitute a major asset restructuring [1][3]. 2. Details of the Capital Reduction - The capital reduction price for the company is RMB 1.5970 per RMB 1 registered capital, while for its shareholder, Crown Food, it is RMB 0.9001 per RMB 1 registered capital [2]. - After the capital reduction, the company will no longer hold any equity in Junhe Industrial, and Junhe will not be included in the company's consolidated financial statements [2][3]. 3. Company and Shareholder Information - Junhe Industrial has a registered capital of RMB 340.10 million and was established on March 12, 2013, focusing on the management of industrial facilities and related consulting services [3][5]. - Crown Food, another shareholder, has a registered capital of RMB 23 million and was established on July 9, 1988, specializing in the production of cookies [5]. 4. Impact of the Capital Reduction - The capital reduction is expected to optimize the company's asset structure and resource allocation, enhancing operational efficiency and improving business quality [6]. - The company anticipates recovering investment funds of RMB 277 million and achieving an estimated profit of approximately RMB 6.11 million from this transaction [6].