Core Viewpoint - ST Jinggu announced that its controlling shareholder, Zhou Dafu Investment, plans to donate 51% equity of Boda Digital Technology to the company without any compensation, aiming to enhance the company's operational capacity and optimize its business structure [1][4]. Group 1: Equity Donation - The donation will allow ST Jinggu to hold 51% of Boda Digital Technology, which will be included in the company's consolidated financial statements [1][4]. - Boda Digital Technology is newly established with unfulfilled registered capital and primarily holds intelligent computing server equipment [1][5]. Group 2: Financial Situation - Boda Digital Technology currently has a single client and reported revenue of 6.4061 million yuan, indicating that its future operational performance needs to be monitored [5]. - ST Jinggu is experiencing liquidity issues and lacks the necessary personnel and technical capabilities for ongoing business operations [5]. Group 3: Related Transactions - The asset donation constitutes a related party transaction but does not qualify as a major asset restructuring under the relevant regulations [5]. - To supplement its daily working capital, ST Jinggu plans to borrow 60 million yuan from Zhou Dafu Investment at an annual interest rate of 3.00% for a term of one year [5]. Group 4: Losses and Commitments - Zhou Dafu Investment has issued an unconditional and irrevocable commitment to cover any actual losses incurred by ST Jinggu due to issues related to its subsidiary, Huiyin Wood Industry, before and after the completion of the sale of 51% equity [6]. - ST Jinggu's subsidiary, Huiyin Wood Industry, has faced operational difficulties since 2024, leading to significant losses for the company [6]. Group 5: Recent Developments - ST Jinggu reported a 45.03% year-on-year decline in revenue for the first half of 2025, totaling 123 million yuan, with a net loss attributable to shareholders of 124 million yuan [7]. - The company has established two wholly-owned subsidiaries with a registered capital of 8 million yuan each to support its strategic planning and operational development [7].

Core Viewpoint - ST Jinggu (600265.SH) aims to enhance its operational sustainability and optimize its business structure by receiving a 51% equity stake in Boda Digital Technology from its controlling shareholder, Chow Tai Fook Investment, through a non-monetary asset donation [1] Group 1: Asset Donation Details - Chow Tai Fook Investment will sign an "Asset Donation Agreement" with the company, transferring 51% of its stake in Boda Digital Technology without any payment or obligations [1] - After the donation, the company will consolidate Boda Digital Technology into its financial statements [1] Group 2: Boda Digital Technology Overview - Boda Digital Technology is a relatively new company with an incomplete registered capital and a limited customer base, generating only 6.4061 million yuan in revenue [1] - The future operational performance of Boda Digital Technology remains uncertain, requiring ongoing financial investment and personnel allocation [1] Group 3: Financial Implications - The company currently faces liquidity challenges and lacks the necessary personnel and technical capabilities [1] - According to the "Revenue Deduction Guidelines," the income generated from the donated assets may be deducted, resulting in minimal impact on the company's financial report for 2025 [1]

Core Viewpoint - ST Jinggu (600265.SH) aims to enhance its operational sustainability and optimize its business structure through a significant asset transfer from its controlling shareholder, Zhou Dafu Investment, which will donate 51% equity of Boda Digital Technology to the company without any payment or obligations [1] Group 1 - The controlling shareholder, Zhou Dafu Investment, will sign an "Asset Donation Agreement" with the company [1] - The company will receive 51% equity of Boda Digital Technology, which will be consolidated into the company's financial statements post-donation [1] - The donation is intended to protect the interests of the company and its shareholders [1]