Xin Zhu shares: plans to transfer 60% equity of Chuanfa Xingneng

Gate.io, 6 December, Xinzhufeng announced that the company intends to transfer 60% of its shares in Chuangfeng Energy to Leading Capital for a transaction price of 91.8 million yuan based on the assessed value recorded by the evaluation. After the transaction is completed, the company will no longer hold any equity in Chuangfeng Energy, and Chuangfeng Energy will no longer be included in the company’s consolidated financial statements. This transaction is a professional integration carried out in accordance with the arrangements and deployment of the deepening and upgrading of state-owned enterprises in Sichuan Province, and there is no situation that damages the interests of the company and shareholders. According to the company’s preliminary calculation, this transaction is expected to generate a pre-tax profit of approximately 31.8 million yuan.