Core Viewpoint - Xiamen Xinda plans to sell its entire automotive dealership business, which is expected to result in a loss of approximately 17.67 million yuan for the current fiscal year [2][3]. Group 1: Transaction Details - Xiamen Xinda will sell 100% equity of Xiamen Xinda International Trade Automotive Group Co., Ltd. and 100% equity of International Trade Automotive (Thailand) Co., Ltd. to a wholly-owned subsidiary of Zhengtong Automobile [2][3]. - The total transaction value is approximately 816 million yuan, with the core asset, Xinda International Trade Automotive, valued at about 790 million yuan [3]. - The financial impact of the transaction is a projected loss of 17.67 million yuan, not accounting for transitional profit and loss [3]. Group 2: Performance of Core Assets - Xinda International Trade Automotive reported a revenue of 8.82 billion yuan in 2024 but incurred a net loss of 48.66 million yuan [3]. - For the first half of 2025, the company achieved a revenue of 3.66 billion yuan, with a minimal net profit of 11,020 yuan [3]. Group 3: Strategic Rationale - The sale is part of a commitment made by the controlling shareholder in 2022 to resolve overlapping business operations in the automotive dealership sector [4][5]. - The company aims to refocus its resources on core business areas and enhance operational efficiency [5][6]. - The transaction will also involve the transfer of certain fundraising projects related to the automotive business [5]. Group 4: Approval Process - The transaction is subject to approval by Xiamen Xinda's shareholders and requires the counterparty to fulfill regulatory procedures [7].