Kangli Elevator (002367.SZ) announced on November 15th that the company has been continuously carrying out production layout adjustments and cost reduction and efficiency improvement series of work in recent years. The equity symbol to be sold to external parties this time is the 100% equity of its subsidiary, Guangdong Kangli Elevator Co., Ltd. (hereinafter referred to as "wholly-owned subsidiary", "Guangdong Kangli" or "equity for sale"). This trade does not constitute a related party transaction, nor does it constitute a major asset restructuring. The proposed sale of Guangdong Kangli's equity this time is a further arrangement for the company to optimize its asset structure and resource allocation, and improve the efficiency of idle assets utilization.
The company held the twelfth meeting of the sixth session of the board of directors and the ninth meeting of the sixth session of the supervisory board on November 14, 2024, both of which unanimously passed the "Proposal on the proposed transfer of equity of its subsidiary and the signing of the letter of intent and authorization of management", agreed that the company would sign a "Equity Acquisition Letter of Intent" with the prospective trading party, with the equity transfer price tentatively set at 0.343 billion yuan; the "Equity Acquisition Letter of Intent" has been reviewed and approved by the competent authorities of both parties involved in the trade and signed, sealed, and become effective. The trading party is Zhongshan Xiwan Construction Investment Co., Ltd.
