Huida Sanitary Ware: Intends to publicly list for sale 100% equity and debt of Guangxi Xingaosheng Thin-wall Ceramic Co., Ltd.
Huida Sanitary Ware Announcement: The company's controlling subsidiary, Beiliu Xindasheng New Materials Co., Ltd., plans to publicly list and transfer 100% equity and debt of Guangxi Xingaosheng Thin Tile Co., Ltd. held by the company. The company plans to publicly list the debt held by Guangxi Xingaosheng. As of June 30, 2025, the amount of target debt 1 is RMB 132 million, and the amount of target debt 2 is 138 million. The final debt shall be determined by the amount at the formal trading time. After this transaction is completed, Guangxi Xingaosheng will no longer be included in the company's consolidated financial statements.
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