Guangdong Zhengye Technology (300410.SZ) announced on November 5th that, in order to optimize resource allocation, improve asset operation efficiency, further focus on the main business, and optimize business layout, the company plans to transfer the equity of the following subsidiaries to its controlling shareholder, Hesheng Investment, through a non-public agreement transfer:
1. The company plans to transfer 100% equity of its subsidiary Jiangxi Zhengye Technology Co., Ltd. (hereinafter referred to as 'Jiangxi Zhengye') held by it to Hesheng Investment at a price of 0.9153 million yuan.
2. The company plans to transfer 40% equity of its subsidiary Jingdezhen Zhengye New Energy Technology Co., Ltd. (hereinafter referred to as 'Zhengye New Energy') held by it to Hesheng Investment at a price of 0.0962 million yuan.
Upon completion of this transaction, the company will no longer hold equity in Jiangxi Zhengye and Zhengye New Energy. Jiangxi Zhengye and its wholly-owned subsidiary Jingdezhen Zhengye Photovoltaic Materials Co., Ltd., Zhengye New Energy and its wholly-owned subsidiaries Jiangxi Cike Energy Co., Ltd., Jingdezhen Jieye New Energy Co., Ltd. will no longer be included in the company's consolidated financial statements.
