Core Viewpoint - China Party Culture (01532) has entered into a sale agreement with Fuzhou Baihui Technology Co., Ltd. to sell 100% equity of High Kelee Investment Holdings Limited for RMB 20.5 million, which will lead to the target group no longer being a subsidiary and its financial performance not being consolidated into the group's financial statements [1] Group 1: Transaction Details - The sale agreement is set to be completed on November 19, 2025, after trading hours [1] - The total consideration for the sale is RMB 20.5 million [1] Group 2: Business Implications - The target group primarily engages in the business of clothing care, personal care, and home care products [1] - The board has reviewed the financial and operational performance of the target group and noted that the outlook remains uncertain due to intensified competition in the personal hygiene products market and the normalization of demand post-COVID-19 [1] - The sale is expected to streamline the company's business structure, reduce resource allocation, and enhance overall management efficiency [1] - The board views this sale as an opportunity to realize value from the business and reallocate resources to core operations [1]
中国派对文化(01532)拟2050万元出售High Kelee Investment Holdings Limited全部股权