Core Viewpoint - The company has entered into an agreement to sell steam pipeline assets for RMB 14.817 million, which is expected to enhance cash flow and allow for better resource allocation for future development [1][2]. Group 1: Asset Sale Details - The seller, a wholly-owned subsidiary of the company, has agreed to sell steam pipeline facilities located in Changzhi City, Shanxi Province, to the buyer, representing the local government [1]. - The assets being transferred include a 550-meter medium-pressure steam pipeline, a 420-meter condensate recovery pipeline, and additional pipelines totaling 3,100 meters [1]. - The construction of the steam supply pipelines was completed on August 20, 2021, as part of a facility supported by a cooperation agreement with the local government [1]. Group 2: Financial Implications - The board of directors believes that the sale is appropriate and will strengthen the company's cash flow [2]. - The proceeds from the sale will improve the company's liquidity and allow for the reallocation of resources for future growth [2].

Core Viewpoint - The company, Touyun Biotechnology (01332.HK), has announced the sale of certain steam pipeline assets to Changzhi Lucheng Luxin Construction Investment Group Co., Ltd. for a total consideration of RMB 14.82 million, which is expected to enhance the company's cash flow and improve liquidity for future development [1]. Group 1 - The sale involves the transfer of several steam pipeline facilities located in Changzhi City, Shanxi Province, including a 550-meter medium-pressure steam pipeline and a 420-meter condensate recovery pipeline within a power plant [1]. - Additionally, the agreement includes the transfer of 1,550 meters of medium-pressure steam pipeline, 1,550 meters of condensate recovery pipeline, and associated facilities from the power plant to the boundary of the company's factory in the Lucheng Economic and Technological Development Zone [1]. - The board of directors believes that the sale is appropriate considering the cash consideration received, which will strengthen the company's cash flow and allow for better allocation of resources for future growth [1].