Core Viewpoint - Zhejiang Jihua Group Co., Ltd. has completed the sale of certain assets by its wholly-owned subsidiary, Jiangsu Jihua Chemical Co., Ltd., to Binhai Coastal Investment Development Co., Ltd. for a total amount of 85 million yuan, aimed at optimizing asset structure and improving operational efficiency [1][2]. Transaction Overview - Jiangsu Jihua sold land use rights of 300,030.60 square meters and building ownership of 30,182.06 square meters, along with other structures and facilities on the land [1][2]. - The total transaction amount is 85 million yuan, with 5 million yuan received recently, bringing the total amount received to 85 million yuan as of the announcement date [1][2]. Impact on the Company - The asset sale is expected to optimize the company's asset structure and resource allocation, reduce operational costs, activate idle assets, and enhance cash flow, aligning with the company's operational needs and long-term development strategy [2].