Core Viewpoint - Yonghui Supermarket is selling a 28.095% stake in Yonghui Yunjin Technology Co., Ltd. at a significant discount of over 53% to quickly liquidate assets and focus on its core business [1][4][5]. Group 1: Asset Sale Details - The company has terminated the public transfer of its stake in Yunjin Technology through the Chongqing United Property Rights Exchange due to prolonged timelines and uncertainty [1][4]. - The stake will now be sold to Shanghai Paihui Technology Co., Ltd. for a total price of 80 million yuan, which is significantly lower than the book value of approximately 171 million yuan [4][5]. - The initial public offering price was adjusted from 153 million yuan to 120 million yuan, but no interested buyers were found at these levels [4][5]. Group 2: Financial Impact - The sale price represents a loss of approximately 90.88 million yuan, which will impact the company's net profit for the current period [5]. - Yonghui Supermarket is expected to report a net loss of 2.14 billion yuan for 2025, marking its fifth consecutive year of losses [5][6]. - The company has incurred significant costs related to store closures, asset write-offs, and supply chain reforms, which have further affected its financial performance [6]. Group 3: Future Plans - Yonghui Supermarket is planning a 3.114 billion yuan private placement to fund store upgrades, logistics improvements, and working capital [6]. - The allocation of funds includes 2.405 billion yuan for store upgrades, 309 million yuan for logistics enhancements, and 400 million yuan for working capital [6].