Fuxing Co., Ltd. (000926.SZ) plans to transfer 71.58% of Tianli Real Estate's shares

Zhitong Finance App News, Fuxing Co., Ltd. (000926.SZ) issued an announcement. Fuxing Fitch Holdings Co., Ltd. (hereinafter referred to as “Fitch Holdings” or “seller”), Wuhan Dingzhong Real Estate Development Co., Ltd. (hereinafter referred to as “Dingzhong Real Estate” or “seller”), and the company's holding subsidiary Tianli Real Estate (Wuhan) Co., Ltd. (hereinafter referred to as “Tianli Real Estate” or “target company”) and Wuhan Financial Holdings (Group) Co., Ltd. (hereinafter referred to as “Wuhan Financial Holdings” or “buyer”)), it is proposed to sign the “Stock Acquisition Intent Agreement”, and Wuhan Financial Holdings plans to acquire the seller In total, 100% of the target company's shares are held, of which Fitch Holdings holds 71.58% of the shares and Dingzhong Real Estate holds 28.42% of the shares. The parties agree that when the target company has reached the preconditions for the acquisition, the buyer and seller will formally sign the “Equity Transfer Agreement”. After preliminary negotiations between the two parties, the seller's tentative intended price for transferring 100% of its shares in the target company was RMB 650 million.

This time, the company plans to transfer 71.58% of Tianli Real Estate's shares. This is a strategic decision made by the company based on the current stage of development and actual operation. If the transaction is successfully implemented, the transferred funds will be earmarked to repay part of the interest-bearing debt. This move will effectively optimize the company's balance and liability structure, effectively reduce financial expenses, and further enhance overall operating capacity and resilience to risks.