Core Points - The company has announced two asset disposal plans, including the sale of 100% equity in its wholly-owned subsidiary, Italian MCM, for 1 euro, and the sale of certain industrial land use rights and factory buildings to an affiliated party for approximately 155 million yuan [1][2] - The decision to sell the Italian subsidiary comes after the company's board approved MCM's bankruptcy application, with the company currently undergoing a four-month C.N.C. (Crisis Negotiation and Settlement) process [1][3] - The company aims to optimize its asset structure and focus on its core business, with a long-term goal of becoming a benchmark enterprise in the intelligent manufacturing sector [1][5] Asset Sale Details - The equity transfer of Italian MCM will be to Special Situations S.r.l., a company specializing in corporate restructuring and crisis management, with no existing relationships that could lead to conflicts of interest [2] - MCM was acquired in 2014 for 12.64 million euros, with subsequent investments totaling 5 million euros, but has faced continuous losses since 2021, leading to the current sale [2][3] - The company holds a total debt of 27.088 million euros against MCM, which includes loans and business receivables, and the outcome of the C.N.C. process will determine the recovery of these debts [3] Additional Asset Disposal - The company plans to sell additional assets, including factory buildings and land use rights, to an affiliated company for about 155 million yuan, with the assets currently being idle due to business adjustments [4][5] - The total area of the factory buildings for sale is approximately 44,000 square meters, and the land use rights cover about 81,400 square meters [4] - The valuation of the buildings and land use rights is approximately 147 million yuan, with a depreciation rate of 56.39%, while equipment assets are valued at about 6.8116 million yuan, with a depreciation rate of 13% [5]