Core Viewpoint - The company has agreed to sell its entire equity interest in Toy Kingdom Hong Kong Limited, which holds all of the group's toy retail business, to Glens Hill Limited, indicating a strategic shift away from the toy retail sector [1][2]. Group 1: Sale Agreement - The sale agreement with Glens Hill Limited is set to be completed by September 29, 2025, after which the company will no longer have any interest in the toy retail business [1]. - The decision to sell is part of the company's broader strategy to focus on its core footwear retail and wholesale business, particularly enhancing its online sales channels [2]. Group 2: Financial Impact - The toy retail business has contributed less than 6% to the group's revenue annually from 2020 to 2024, indicating its limited importance to overall financial performance [2]. - The toy retail segment experienced losses in 2021 and 2022, with 2023 and 2024 profits fluctuating around the breakeven point, contributing minimally to the group's profits [2]. - The sale is expected to alleviate the financial burden associated with the group's net liabilities by approximately RMB 6.5 million, thereby improving the overall financial condition of the company [2].
千百度拟出售玩具零售业务的全部权益