Shentong Metro (600834.SH) plans to transfer 100% equity of Shanghai Metro Financing Leasing Co., Ltd.

Zhtng Cijng APP news, Shntng Subway (600834.SH) issued an announcement, in order to implement the State-owned Assets Supervision and Administration Commission of the State Council's requirements for deepening the reform of state-owned enterprises and focusing on main responsibilities and main businesses adjustment, optimizing the company's asset layout, the company plans to transfer 100% equity of its wholly-owned subsidiary Shanghai Metro Financial Leasing Co., Ltd. (referred to as "Financial Leasing Company") to Shanghai Zhangjiang (Group) Co., Ltd. (referred to as "Zhangjiang Group") through agreement transfer. The transaction price shall not be lower than the audited net assets of the financial leasing company as of September 30, 2025, which is 2.36 billion yuan, and shall not be lower than the asset appraisal price filed by the Shanghai State-owned Assets Supervision and Administration Commission.