Core Viewpoint - Xiangshan Co., Ltd. is adjusting the transfer price of its wholly-owned subsidiary, Xiangshan Electronics, to 360 million yuan due to a lack of interested buyers at the initial price of 400 million yuan, indicating challenges in divesting its non-core business [1][2]. Group 1: Company Strategy - The company plans to divest its 100% stake in Xiangshan Electronics to focus on its core automotive parts business, which has consistently accounted for over 80% of total revenue from 2022 to the first half of 2025 [2]. - The divestment is aimed at optimizing the company's asset structure and enhancing its competitiveness in the automotive parts sector, while also improving asset quality and reducing debt levels [2]. Group 2: Market Conditions - The weighing instrument business faces significant challenges due to low entry barriers and intense competition in the domestic market, compounded by external factors such as regional conflicts and tariff policies affecting international markets [2]. - The company acknowledges that fluctuations in international markets and changes in political and economic conditions could adversely impact its overseas revenue, particularly in the weighing instrument segment [1]. Group 3: Transaction Details - The adjusted transfer price for Xiangshan Electronics is set at 360 million yuan, reflecting a 10% decrease from the initial price, with the new public listing period scheduled from November 17 to November 21, 2025 [1]. - The transaction may involve potential related parties, as a consortium led by a company insider may participate in the bidding, necessitating board members to abstain from voting on the transaction [3].