Hubei Fuxing Science and Technology (000926.SZ) plans to transfer its 71.58% equity stake in Tianli Real Estate.

Hubei Fuxing Science and Technology (000926.SZ) announced that its wholly-owned subsidiary Fuxing Holdings Co., Ltd. (hereinafter referred to as Fuxing Holdings or Seller), Wuhan Dingzhong Real Estate Development Co., Ltd. (hereinafter referred to as Dingzhong Real Estate or Seller), and the company's controlling subsidiary Tianli Real Estate (Wuhan) Co., Ltd. (hereinafter referred to as Tianli Real Estate or Target Company) intend to sign an Equity Acquisition Intention Agreement with Wuhan Financial Holding (Group) Co., Ltd. (hereinafter referred to as Wuhan Financial Holding or Buyer). Wuhan Financial Holding intends to acquire 100% of the equity of the Target Company held by the Sellers, where Fuxing Holdings holds 71.58% and Dingzhong Real Estate holds 28.42%. The parties agree that after the Target Company meets the prerequisites for the acquisition, the buyer and seller will formally sign the Equity Transfer Agreement. After preliminary negotiations, the tentative intended transfer price for the 100% equity of the Target Company held by the Sellers is set at RMB 650 million. The company plans to transfer its 71.58% equity in Tianli Real Estate, which is a strategic decision based on the company's current development stage and operational realities. If this transaction is successfully implemented, the funds obtained from the transfer will be specifically used to repay part of the interest-bearing debt, which will effectively optimize the companys asset-liability structure, significantly reduce financial expenses, and enhance overall operational capacity and risk resistance.