Zhi Tong Cai Jing·2025-09-22 08:48Core Viewpoint - Yanzhou Coal Mining Company Limited plans to spin off its subsidiary, Kason Technology Co., Ltd., and list it on the National Equities Exchange and Quotations (NEEQ) to enhance its operational focus and market presence [1][2]. Group 1: Reasons and Benefits for Spin-off - The successful spin-off will allow Kason Technology to broaden its financing channels, increase investment in the industrial lubrication sector, and strengthen its market competitiveness, thereby enhancing the profitability and overall competitiveness of the high-end equipment manufacturing segment [2]. - The spin-off is expected to provide Kason Technology with greater market exposure and media attention, improving its brand image and credibility among customers, suppliers, and partners, which can attract talent and enhance its creditworthiness with financial institutions [2]. - During the spin-off process, Kason Technology will improve its financial systems, information disclosure mechanisms, and internal control systems, which will enhance management standards, financial transparency, and operational efficiency [2]. Group 2: Post Spin-off Implications - After the spin-off, the NEEQ will provide a market price reference for Kason Technology, allowing for a more accurate reflection of its value and enabling the capital market to reasonably evaluate the group's various business segments [3]. - The parent company will maintain control over Kason Technology and continue to consolidate its financial statements, ensuring that it benefits from Kason Technology's future business development and growth [3].