Group 1 - The company announced the conditional sale of charging stations to Hangzhou West Lake New Energy Technology Co., Ltd. for approximately RMB 185 million, based on an independent valuation of about RMB 186 million as of June 30, 2025 [1][2] - Following the sale, the company will no longer hold any rights or obligations related to the charging station assets but will continue to provide operational and management services for three years under a joint operation agreement [1][2] - The charging stations consist of 11 public transportation charging stations located in Hangzhou, with a book value of approximately RMB 185 million as of June 30, 2025 [1] Group 2 - The transaction is expected to allow the company to retain operational rights and generate stable income, enhancing profitability while transferring some fixed operating costs to the buyer [2] - The buyer will also bear any further capital expenditures required for upgrading the charging stations, if necessary [2] - The sale is viewed as a good opportunity for the company to realize the value of the charging stations and to repay part of the external debt maturing in the next 12 to 18 months [2]