Core Viewpoint - China Party Culture (01532) has entered into a sale agreement with Fuzhou Baihui Technology Co., Ltd. to sell its entire stake in High Kelee Investment Holdings Limited for RMB 20.5 million, indicating a strategic move to streamline operations and focus on core business areas [1] Group 1: Transaction Details - The sale agreement was signed on November 19, 2025, after trading hours [1] - The total consideration for the sale is RMB 20.5 million [1] - Following the completion of the sale, the target group will no longer be a subsidiary of the company, and its financial performance will not be consolidated into the company's financial statements [1] Group 2: Business Rationale - The board reviewed the financial and operational performance of the target group, which primarily operates in the personal and home care product sectors [1] - The board noted that the personal hygiene product market is facing increased competition and that demand has returned to normal levels post-COVID-19, leading to an unclear business outlook for the target group [1] - The sale is seen as an opportunity for the company to realize value from this business and reallocate resources to its core operations, thereby enhancing overall management efficiency [1]
中国派对文化拟2050万元出售High Kelee Investment Holdings Limited全部股权