Core Viewpoint - Shenzhen Holdings (00604.HK) announced a letter of intent for the cash transfer of 70% equity in Shenzhen Crystal Display Electronics Co., Ltd. to Shahe Industrial Co., Ltd. by its wholly-owned subsidiary, Shenye Pengji (Group) Co., Ltd. [1] Group 1: Company Overview - The target company, Shenzhen Crystal Display Electronics Co., Ltd., specializes in providing display solutions, focusing on the research, production, and sales of LCD displays, LCD modules, smart display controllers, and other display devices [1]. - Shahe Industrial Co., Ltd. is primarily engaged in real estate development and operation in China, as well as the management of modern service-type industrial buildings. The company is listed on the Shenzhen Stock Exchange with the stock code 000014.SZ [1]. Group 2: Transaction Details - The potential transaction, if realized, will constitute a connected transaction for the company and may require public disclosure [1]. - Shahe Industrial is 34.02% owned by Shenye Shahe (Group) Co., Ltd., which is a non-wholly owned subsidiary of Shenzhen Holdings' ultimate holding company, thus establishing a related party relationship [1].