Country Micro Inc.: Sale of equity in S2C Shanghai, consideration of 212 million yuan.

date
07/09/2025
Guo Weikong announced that on September 6, 2025, the company's subsidiary S2C Holding signed a share transfer agreement with investors, agreeing to conditionally sell 16% of its equity in S2C Shanghai for a consideration of 212 million RMB. This share transfer is subject to the satisfaction of various conditions, including the truthfulness of the investor's statements, warranties and commitments, and completion of all currency exchange procedures related to the consideration to be paid to S2C Shanghai by the investor.