Core Viewpoint - The company, Jin Ke Service (09666.HK), has announced a conditional share transfer agreement to sell 70% of its stake in Jinghua Electronics for a total cash consideration of RMB 273,752,500, aligning with its strategic transformation towards becoming a real estate asset management and integrated operation service provider [1]. Group 1 - The transaction involves the company's wholly-owned subsidiary, Shen Ye Peng Ji, agreeing to sell its 70% stake in Jinghua Electronics to Shahe Industrial and Jinghua Electronics will no longer be a subsidiary post-transaction [1]. - The sale price for the stake in Jinghua Electronics is set at RMB 273,752,500, which reflects the company's strategy to optimize its business structure and release market value [1]. - Jinghua Electronics primarily engages in the research, production, and sales of smart display controllers and LCD display devices in the IoT sector, which is less aligned with the company's future focus on real estate asset management and operational services [1]. Group 2 - The transaction is part of the company's ongoing efforts to explore ways to realize the intrinsic value of Jinghua Electronics through the capital markets [1]. - By executing this transaction, the company aims to concentrate resources on its core business and accelerate its strategic shift towards a light asset and service-oriented business model [1]. - The decision to divest from Jinghua Electronics is seen as beneficial for the long-term development strategy of the company, allowing for further optimization of its overall business framework [1].

Core Viewpoint - Shenzhen Holdings (00604) announced the conditional sale of a 70% stake in Crystal Electronics for a total cash consideration of RMB 274 million, aligning with the company's strategic transformation towards becoming a real estate asset management and comprehensive operation service provider [1]. Group 1: Transaction Details - The transaction involves Shenzhen Holdings' wholly-owned subsidiary, Shen Ye Peng Ji, selling its 70% stake in Crystal Electronics to Shahe Industry and Jinghua Electronics [1]. - Upon completion of the transaction, Shenzhen Holdings will no longer hold any equity in Crystal Electronics, which will cease to be a subsidiary of the company [1]. Group 2: Strategic Alignment - The sale is part of Shenzhen Holdings' strategy to focus on real estate asset management and operational services, as Crystal Electronics operates in the advanced manufacturing sector, specifically in IoT smart display controllers and LCD devices, which is less aligned with the company's future focus [1]. - The company has been actively exploring ways to realize the intrinsic value of Crystal Electronics through capital markets, and this transaction is seen as beneficial for the long-term development strategy of Crystal Electronics [1]. - The transaction is expected to help release market value and further optimize the overall business structure of Shenzhen Holdings, allowing the company to concentrate resources on its core business and accelerate its strategic shift towards a light asset and service-oriented business model [1].