Jinhui Technology (08295) announced that on February 27, 2024, Jinhui Rongzhi Technology Co., Ltd., a wholly-owned subsidiary of the company, plans to sell 51% of Chengdu Rongzhi Interactive Technology Co., Ltd.'s shares to Hainan Zhicheng Investment Partnership (limited partnership) at a cost of RMB 30.6 million.
As of the date of this announcement, the target company held all of the shares in Changsha Rongzhi Interactive Technology Co., Ltd. and 70% of the shares in Chengdu Rongzhi Yunzhou Brand Management Co., Ltd. The target group is engaged in comprehensive marketing and agency services.
The board of directors believes that on the one hand, the sale can supplement liquidity to provide financial support for the development of the company's core business, and on the other hand, reduce the company's subsequent capital investment pressure on the target group's non-core business.
