Core Viewpoint - Shanghai Phoenix Enterprise (Group) Co., Ltd. is planning to publicly transfer three remaining idle properties through a second round of bidding, following the completion of the first round where one property was successfully sold. The total initial listing price for the properties was 30.76 million yuan, while the second round listing price is set at 22.62 million yuan [2][4]. Group 1: Transaction Overview - The company aims to enhance asset operation efficiency by transferring idle assets, with the first round of bidding announced on October 14, 2025, at a total price of 30.76 million yuan [4]. - One property has been successfully sold, and the remaining three properties will undergo a second round of public bidding [4][5]. - The second round of bidding is being conducted through the Shanghai United Assets and Equity Exchange, with the total listing price for the remaining properties set at 22.62 million yuan [2][8]. Group 2: Compliance and Ownership - The three properties listed for the second round of bidding have clear ownership, with complete property rights certificates obtained, and there are no existing mortgages, pledges, or legal disputes affecting the transfer [9]. - The company confirms that the transfer of these properties does not harm the interests of the company or its shareholders [9]. Group 3: Impact on the Company - The transfer of these properties is expected to help the company consolidate resources, reduce operational costs, and focus on its core business, thereby improving sustainable operational capacity [9]. - The company is currently unable to accurately assess the impact of this transaction on its profits until the final agreements are signed [9].