Core Viewpoint - Maoye International (00848) announced the sale of a total of 25.1135 million shares of Maoye Commercial, representing approximately 1.45% of its issued share capital, for around RMB 161 million, with an average selling price of RMB 6.40 per share [1] Group 1: Share Sale Details - The shares will be sold in two tranches: 2 million shares on November 28, 2025, and 23.1135 million shares on December 1, 2025 [1] - Following the sale, the company's equity interest in Maoye Commercial will decrease from 86.45% to 85% [1] Group 2: Financial Implications - The board believes that the sale will help optimize the company's financial structure [1] - The proceeds from the sale will be used to repay loans and supplement working capital [1] - The sale will not affect the group's consolidated profit and loss for the current period, as Maoye Commercial is a subsidiary within the consolidation scope [1]