On December 19, Gelonghui reported that HyUnion Holding (002537.SZ) announced that to improve the asset structure of HyUnion Holding Technology Co., Ltd., optimize resource allocation, and integrate resources to further focus on the development of its Auto Parts business, the company signed an "Equity Transfer Agreement" on December 18, 2024, with Changchun Huaze Lightweight New Materials Co., Ltd. (referred to as "Changchun Huaze"), Li Dongcun, and Chang Jianhua, to transfer 69.9924% of the equity held in its controlling subsidiary HyUnion Holding New Materials (Changchun) Co., Ltd. (referred to as the "Target Company" or "Changchun HyUnion") to Changchun Huaze. This equity transfer includes a contingent consideration, with a total agreement price of RMB 27.5 million. After the completion of this trade, Changchun HyUnion will no longer be included in the company's consolidated financial statements.
As of the announcement date, the company has lent 4.5 million yuan to Changchun HyUnion, which was incurred due to the funding needs arising from the R&D and production of Changchun HyUnion during the period when it was a controlling subsidiary within the company's consolidated financial statements. The company and Changchun Huaze agreed to handle the above loan according to their equity ratio prior to the equity transfer settlement date, that is: the company will waive 3.15 million yuan of the loan from Changchun HyUnion, while Changchun Huaze shall pay the company 1.35 million yuan on behalf of Changchun HyUnion by June 30, 2025. During the period from the equity transfer date to the date when Changchun Huaze makes the payment, the company will passively provide financial support to Changchun HyUnion, totaling 1.35 million yuan.
