Overview - Guangdong RIFENG Cable Co., Ltd. has decided to liquidate its wholly-owned subsidiary, Anhui RIFENG Technology Co., Ltd. This decision was made during the 22nd meeting of the 5th Board of Directors held on June 16, 2025 [1]. Financial Summary - As of December 31, 2024, the total assets of Anhui RIFENG were 6,235.85 million, which decreased to 5,975.85 million by March 31, 2025. The net assets were 4,937.76 million as of December 31, 2024, and slightly decreased to 4,901.83 million by March 31, 2025 [2]. - The company reported an operating income of 7,288.35 million for the year ending December 31, 2024, which dropped to 1,012.28 million by March 31, 2025. The net profit showed a loss of 64.35 million in 2024, which improved to a loss of 35.94 million in the first quarter of 2025 [2]. Reasons for Liquidation - The liquidation of Anhui RIFENG is part of the company's strategy to optimize its asset structure and integrate internal resources. The production lines have been successfully transferred to the new industrial parks in Zhongshan and Jiangmen, which is expected to lower management costs and enhance operational efficiency [3]. Impact of Liquidation - The liquidation is anticipated to improve the company's management structure and operational efficiency without significantly affecting overall business development. Anhui RIFENG will no longer be included in the consolidated financial statements of the company following its liquidation [3].