Group 1 - The company, Fourway Technology (01202), announced the board's approval to sell 100% equity in Putian New Materials on July 25, 2025 [1] - The initial public listing period for the sale will start on August 29, 2025, and last for 20 working days [1] - The initial public listing price is approximately RMB 118 million, with a potential adjustment to a minimum of RMB 106 million if no buyers are found by September 25, 2025 [1] Group 2 - After accounting for estimated expenses of approximately RMB 26.66 million, the net proceeds from the sale are expected to be around RMB 91 million [2] - The company plans to allocate 16.48% of the proceeds for R&D in special cables, passive optical products, and medium-low speed optical modules [2] - 37.36% of the proceeds will be used for R&D in high-end cables, precision cable components, and special optical cables [2] - 46.15% of the proceeds will be directed towards R&D in high-speed cables and components, special optical cables and components, silicon optical modules, and optical connection systems [2]

Group 1 - The company plans to sell 100% equity of its subsidiary, Puyuan New Materials, with an initial public listing price of approximately RMB 118 million [1] - The public listing period will start on August 29, 2025, and last for 20 working days, with a potential extension of 12 months if no buyers are found [1] - The final sale price will not be lower than approximately RMB 106 million, which is 90% of the initial listing price [1] Group 2 - After accounting for estimated expenses of approximately RMB 26.66 million, the net proceeds from the sale are expected to be around RMB 91 million [2] - The company plans to allocate 16.48% of the proceeds for R&D in special cables, passive optical products, and medium-low speed optical modules [2] - 37.36% of the proceeds will be used for R&D in high-end cables, precision cable components, and special optical cables, while 46.15% will be allocated for R&D in high-speed cables and components, silicon optical modules, and optical connection systems [2]