Core Viewpoint - Harbin Air Conditioning (哈空调) is restructuring its investment in Fushan Chuan Biotechnology Development Co., Ltd. (富山川) by terminating the joint action agreement with its controlling shareholder, Harbin Industrial Investment Group Co., Ltd. (哈工投), and plans to transfer its 40% stake in Fushan Chuan to optimize its asset structure and focus on core business operations [1][2]. Group 1 - The joint action agreement with Harbin Industrial Investment Group was signed on November 22, 2021, to ensure stable operations and development of Fushan Chuan, but has now been terminated due to changes in business strategies and management needs [1]. - After the termination, Harbin Air Conditioning will retain a 40% stake in Fushan Chuan, while Harbin Industrial Investment Group will hold 35% and Japan's Aiwandi Co., Ltd. will hold 25% [1]. - The transfer of the 40% stake in Fushan Chuan is part of the company's management measures to enhance efficiency and will be submitted for shareholder approval [2]. Group 2 - Fushan Chuan reported a net profit of -16.0963 million yuan for 2024, which is 218.83% of the absolute value of the previous year's net profit, necessitating shareholder approval for the transaction [2]. - The company has faced declining revenue and profits over the past three years due to insufficient market competitiveness and lack of synergy with Harbin Air Conditioning's core business [2]. - The divestment is expected to positively impact Harbin Air Conditioning's financial status and operational results, although the final effects will be confirmed after the transaction is completed and audited [2]. Group 3 - Harbin Air Conditioning is a state-controlled listed company that specializes in air cooling systems for various industries, including petrochemicals and power generation, and has established strong customer relationships with major enterprises [3]. - The company aims to enhance its international presence and competitiveness by focusing on three core markets: petrochemicals, power generation, and international expansion [3].