Core Viewpoint - ST Yigou (002024.SZ) announced the sale of 100% equity stakes in four subsidiaries of Carrefour in China for a total consideration of 4 RMB, which is expected to increase the company's net profit by approximately 572 million RMB [1] Group 1: Transaction Details - The company’s wholly-owned subsidiary, Suning International, signed a share transfer agreement with Shanghai Youan Law Consulting Co., Ltd. to sell its stakes in Ningbo Carrefour Commercial Co., Ltd., Hangzhou Carrefour Supermarket Co., Ltd., Zhuzhou Carrefour Commercial Co., Ltd., and Shenyang Carrefour Commercial Co., Ltd. for a nominal price of 1 RMB [1] - The total sale amount for the four Carrefour subsidiaries is 4 RMB [1] Group 2: Financial Impact - The transaction is expected to increase the listed company's net profit attributable to shareholders by approximately 572 million RMB [1] - The sale will help alleviate the company's debt burden and improve operational performance, as the subsidiaries have ceased operations and carry significant debt [1] Group 3: Strategic Focus - The company is firmly focusing on its core business in home appliances and 3C products, indicating a strategic shift away from non-core operations [1] - The divestment of the Carrefour subsidiaries is part of a broader strategy to reduce operational and management risks [1]

Core Viewpoint - Starbucks CEO Brian Niccol indicated that the company may sell a stake in its China business, which has generated "significant interest" [1] Group 1: Business Expansion Plans - The company is seeking partners interested in expanding its store count in China from approximately 8,000 to 20,000 locations [1] - Starbucks is not in a rush to finalize a deal and aims to retain a "meaningful stake" in the business [1] Group 2: Interest from Investors - Several Chinese and global private equity firms, as well as strategic investors, have considered purchasing a stake in Starbucks' China operations [1] - The process is still in the preliminary stages, with Goldman Sachs leading the initiative [1]

Group 1 - The company held its 18th (temporary) meeting of the 11th Board of Directors on May 28, 2025, with all eight directors present, including four via video conference [1] - The board approved the adjustment of the specialized committee members, with all votes in favor [2] - The company plans to transfer 100% equity of its wholly-owned subsidiary, Yangzhou Wanyun, to an affiliated party for a net asset valuation of 259.26 million yuan, which will no longer be included in the consolidated financial statements [3] Group 2 - The board agreed to terminate the investment in the Zunhua kitchen waste treatment project due to policy changes, with a total investment of 57.56 thousand yuan, which is expected to be fully compensated by the local government [4][5] - The board approved the investment in the flue gas upgrade project for the Gaoyou project, with a total estimated investment of 49.74 million yuan, including 14.92 million yuan in capital and 34.82 million yuan in bank loans [6] - The board also approved the investment in the flue gas upgrade project for the Wuqing project, with a total estimated investment of 19.13 million yuan, including 5.74 million yuan in capital and 13.39 million yuan in bank loans [6] - The board approved the investment in the flue gas upgrade project for the Yangzhou project, with a total estimated investment of 97.01 million yuan, including 29.11 million yuan in capital and 67.90 million yuan in bank loans [7] Group 3 - The board proposed to hold the third temporary shareholders' meeting on June 13, 2025, with all votes in favor [7]

Transaction Overview - The company approved the sale of 100% equity in Guizhou Changzheng Electric Co., Ltd. for no more than RMB 19.8564 million through a public inquiry and agreement transaction [2] - The transaction amount was finalized at RMB 1 million with Shanghai Xinjiahe Industrial Co., Ltd. [3] Buyer Information - Shanghai Xinjiahe Industrial Co., Ltd. was established on March 24, 2025, with a registered capital of RMB 100,000 and is owned 99% by Li Guoqiang [6][4] - The company has no assets or revenue as of March 31, 2025 [5] Valuation and Pricing - The valuation of Guizhou Changzheng Electric was assessed at RMB 19.8564 million based on an asset-based approach [8] - The final transaction price was negotiated based on this valuation and other reports [8] Contractual Details - The agreement stipulates that the buyer will pay RMB 1 million, with RMB 950,000 to one seller and RMB 50,000 to another [10] - The payment is to be made in full within 30 days of the agreement's effectiveness [11] Financial Impact - The sale is expected to result in a loss of approximately RMB 16.1 million on the company's 2025 profit total [18] - Post-transaction, Guizhou Changzheng Electric will no longer be included in the company's consolidated financial statements [18] Purpose and Strategic Impact - The sale aims to mitigate potential legal risks and optimize resource allocation, enhancing operational efficiency [18] - The transaction is positioned to support the company's long-term interests and stability [18]