BLEST(SH:603959) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-13 03:58Transaction Overview - Hunan Baili Engineering Technology Co., Ltd. (the "Company") through its wholly-owned subsidiary Changzhou Baili Lithium Battery Smart Factory Co., Ltd. (referred to as "Baili Lithium") signed a share transfer agreement with Wuxi Baiqing Intelligent Robot Technology Co., Ltd. (referred to as "Wuxi Baiqing") shareholder Zhu Yueyuan in August 2022, acquiring 60% of Wuxi Baiqing's shares for a cash consideration of 1.2 million yuan [2] - Recently, Baili Lithium signed a share transfer agreement to sell 40.1% of its shares in Wuxi Baiqing back to Zhu Yueyuan and Jia Shaohua for a cash consideration of 1 yuan, reducing its stake from 60% to 19.9% [2] Counterparty Information - The counterparties for the transaction are Zhu Yueyuan and Jia Shaohua, who are natural shareholders of Wuxi Baiqing, each holding 20% of the shares prior to the transfer [3] Target Company Information - Wuxi Baiqing was established on May 5, 2016, with a registered capital of 12 million yuan. Its main business includes the research and development of intelligent robots, manufacturing and sales of industrial robots, and various technical services [4] Financial Interactions - As of August 2025, Baili Technology had accounts receivable from Wuxi Baiqing amounting to 2.6 million yuan. A four-party agreement was signed to transfer this receivable to Baili Lithium, which will offset its payables to Wuxi Baiqing [5] - Baili Lithium had no accounts receivable from Wuxi Baiqing as of August 2025, but had a guarantee balance of 5 million yuan, expiring on December 29, 2026 [5] Share Transfer Agreement Details - The share transfer involves 40.1% of Wuxi Baiqing's shares, with the transfer price set at 1 yuan. The agreement stipulates that the transfer must be completed within 15 working days after payment [6][7] Impact of the Transaction - The share transfer is part of the Company's strategic transformation to focus on high-end intelligent equipment and smart factory solutions for new materials and energy sectors. It aims to optimize resource allocation and improve operational efficiency without adversely affecting the Company's financial status or shareholder interests [12]