Core Viewpoint - Alpha Enterprises (00948) is undergoing a significant shareholder transfer and has announced the sale of its subsidiary, Shenyang Jinyi E-commerce Co., Ltd, for a total consideration of HKD 27.5 million, which will impact its financial reporting structure [1] Group 1: Shareholder Transfer - On November 12, Alpha Enterprises' shares were transferred from Everbright Securities Investment Services Hong Kong to Jietao Securities, with a market value of HKD 7.28 million, representing 8.02% of the total shares [1] Group 2: Sale of Subsidiary - Alpha Enterprises has entered into a sale agreement with Stlet International Group Limited to sell the economic interests and shareholder loan rights related to Shenyang Jinyi E-commerce Co., Ltd for HKD 27.5 million [1] - Following the completion of this transaction, Shenyang Jinyi E-commerce Co., Ltd will no longer be a subsidiary of Alpha Enterprises, and its financial performance will not be consolidated into the company's financial statements [1] Group 3: Target Company Overview - Shenyang Jinyi E-commerce Co., Ltd is a limited company established in China, primarily engaged in e-commerce activities and holds the necessary licenses for its operations, including the Value-Added Telecommunications Business Operating License (ICP License) and the Network Culture Business Operating License (ICB License) [1]