兔宝宝“腾笼换鸟”优化资产结构

Core Viewpoint - The company,兔宝宝, is engaging in a strategic transaction to optimize its asset structure by selling its stake in 大自然家居 (大自然中国) and acquiring specific equity in joint ventures that will hold fixed assets such as land and buildings [1][2][3] Group 1: Transaction Details - 兔宝宝 announced the sale of a 19.7946% stake in 大自然中国 to its actual controller, 佘学彬, for 4 billion RMB, while simultaneously acquiring specific equity in joint ventures for 3.05 billion RMB [1][2] - The specific assets involved in the transaction include fixed assets and intangible assets from three wholly-owned subsidiaries of 大自然中国, with an assessed value of approximately 3.059 billion RMB as of November 30, 2025 [1] - The joint ventures will be established with the three subsidiaries, which will contribute the specific assets and hold 95% of the equity in these joint ventures [1] Group 2: Financial Impact and Strategic Rationale - The transaction is not expected to have a significant impact on the company's financial status or operating results [2] - The decision to sell and acquire is aligned with the company's strategic planning and future development needs, aimed at enhancing core competitiveness and focusing on its main business [3] - 兔宝宝 is recognized as one of the largest producers of high-end environmentally friendly furniture panels in China, with two main business segments: decorative materials and custom home furnishings [3]