Core Viewpoint - The announcement of a joint equity transfer agreement between Everest Gold (珠峰黄金) and China Silver Group (中国白银集团) indicates strategic moves to diversify business risks amid weak retail sales growth in the jewelry sector [1][2] Group 1: Equity Transfer Agreement - Everest Gold's wholly-owned subsidiary and China Silver's non-wholly-owned subsidiary will acquire 35% and 20% stakes, respectively, in Jiangxi Yiding Trading Co., with the purchase prices set at RMB 3.5 million and RMB 2 million [1] - Following the completion of the acquisition, Jiangxi Yiding Trading will be accounted for as an associate company of Everest Gold, while its financial performance will not be consolidated into Everest Gold's financial statements [1] Group 2: Company Profiles - China Silver Group is recognized as a leading comprehensive enterprise in the silver and precious metals industry in China, primarily engaged in the manufacturing and sales of silver ingots, palladium, and other non-ferrous metals [1] - Everest Gold Group focuses on the design and sales of gold, silver, and other jewelry products [1]