Core Viewpoint - The company plans to sell 100% equity of Sichuan Xinhaoyue New Materials Co., Ltd. for RMB 2.7 million, which is expected to improve its financial situation and allow for resource reallocation [1][2] Group 1: Sale Details - The sale involves Sichuan Xinhaoyue New Materials Co., Ltd., which focuses on research and development of new materials for wires and cables in China [1] - The main assets of the target company include land use rights and buildings located at 88 Qingma Road, Modern Industrial Park, Pidu District, Chengdu, Sichuan Province, covering approximately 12,361 square meters with a total building area of about 7,498 square meters [1] - The property is primarily vacant, with only a small portion rented out for income [1] Group 2: Financial Implications - The sale is expected to generate a net cash inflow of approximately RMB 2.5 million for the group [2] - The proceeds will be used to offset outstanding bank loans and payables of the target company, thereby improving the group's financial condition [2] - The board believes that the sale will not have a significant adverse impact on the group's operations, as there are other production facilities in Sichuan for existing business operations [2]

Group 1 - The company Sichuan Shuta (08623) plans to sell 100% equity of Sichuan Xinhaoyue New Materials Co., Ltd. to Sichuan Ziyuanyuan Enterprise Management Co., Ltd. for RMB 2.7 million by December 31, 2025 [1] - The target company primarily engages in the research and development of new materials for wires and cables, with its main assets being land use rights and property located in Chengdu, Sichuan Province [1] - The property includes approximately 12,361 square meters of land and five buildings with a total construction area of about 7,498 square meters, designated for industrial use until 2057 [1] Group 2 - The board believes that the sale provides a good opportunity to realize the value of the target company at a reasonable price, with expected net proceeds of approximately RMB 2.5 million [2] - The sale will offset outstanding bank loans and payables of the target company, thereby improving the financial condition of the group [2] - Given that most of the property is currently vacant and only a small portion is leased for rental income, the board considers the sale beneficial for reallocating resources and focusing on existing business operations [2]