Transaction Overview - The company plans to transfer its 10% partnership interest in the Anhui New Infrastructure Fund to Bengbu Deshi Venture Capital Co., Ltd. for RMB 40 million [1][2] - The transaction does not constitute a related party transaction or a major asset restructuring, and it falls within the chairman's approval authority, thus not requiring board or shareholder approval [1][3] Financial Details - The company holds a total of RMB 100 million in partnership contributions, of which RMB 40 million has been fully paid [2] - The book value of the partnership interest is RMB 39.758 million, indicating a premium of 0.61% over the book value [2] - The payment structure includes an initial payment of RMB 28 million (70% of the total) and a second payment of RMB 12 million (30% of the total) [8] Counterparty Information - The counterparty, Bengbu Deshi Venture Capital Co., Ltd., was established on May 3, 2018, with a registered capital of RMB 150 million [4] - The company is a wholly-owned subsidiary of the Bengbu City Financial Bureau and has a good credit standing [5] Transaction Impact - The transaction aligns with the company's strategic and business development needs and is expected to have no significant impact on its financial status or operations [10]

Core Viewpoint - The company plans to transfer a 10% partnership interest in the Anhui New Infrastructure Fund to Bengbu Deshi Venture Capital Co., Ltd. for a price of 40 million yuan, after which the company will no longer hold any partnership interest in the fund [1] Group 1 - The transfer of the 10% partnership interest is based on the company's investment strategy and future development plans [1] - The transaction is not classified as a related party transaction and does not constitute a major asset restructuring, thus it does not require approval from the board of directors or shareholders [1]

Transaction Overview - The company has agreed to transfer its 45% stake in the Jiaxing Woyong Investment Partnership to Zhejiang Dadao Qiyun Group for a price of RMB 99.99 million [2][8] - The company initially invested RMB 135 million in the partnership, which was established in June 2019 [1][2] - The transfer does not constitute a related party transaction or a major asset restructuring as per relevant regulations [2][8] Financial Information - As of December 31, 2024, the partnership had total assets of RMB 395.07 million and total liabilities of RMB 247.77 million, resulting in a net asset value of RMB 147.30 million [3] - For the first quarter of 2025, the partnership reported revenue of RMB 59.39 million and a net profit of RMB 51.97 million [3] Valuation and Pricing - The transfer price of RMB 99.99 million was based on an asset valuation report that estimated the partnership's equity value at RMB 219.64 million [4][8] - The pricing was determined through mutual agreement and is considered fair and reasonable, ensuring no harm to the company's or shareholders' interests [4][8] Payment Terms - The payment for the transfer will be made in two installments: 30% upon signing the agreement and 70% upon completion of the transfer registration [9][10] - The company guarantees that the transferred stake is free from any encumbrances or third-party claims [10] Strategic Implications - This transaction aligns with the company's investment strategy and is expected to enhance capital efficiency [11] - The company anticipates that this move will not significantly impact its financial status or operational activities [11]