Xiamen Xinda listed and transferred 3.31% equity of Sanan Electronics

Xiamen Xinda (000701) announced on October 20 that the equity of Xiamen Sanan Electronics held by the company will be publicly listed and transferred at the Xiamen Property Rights Exchange Center at a price not lower than the corresponding equity evaluation value, and the equity transfer ratio will not exceed 1.31%. . The current counterparty is still uncertain.

The transfer of Sanan Electronics' equity will be in the form of listing in the Xiamen Property Rights Exchange to seek the intended transferee. There is uncertainty in the counterparty and the transaction price. The transaction still needs to be submitted to the company's shareholders meeting for deliberation. The transfer of total equity assets, operating income and net assets did not reach the major asset restructuring standards, and did not constitute a major asset restructuring.

According to the announcement, the main business scope of Sanan Electronics is:

1. Wholesale and retail: electronic products, metal materials, wire and cable, and electromechanical equipment;

2. Investment in the optoelectronic industry;

3. Electronic industry technology research and consulting services;

4. Operating import and export of various commodities and technologies, except for goods and technologies that are restricted by the state to operate or prohibit import and export;

5. Other business projects that do not involve pre-approval approval.

According to the company's development strategy, in order to further strengthen the investment in the company's main business, combined with the actual situation of the company, the transfer of the equity of Xiamen Sanan Electronics Co., Ltd. is beneficial to the company to revitalize assets, recover funds, reduce financial costs, and expand other viable projects.

The equity transfer adopts the listing transfer method, and the transaction price is still uncertain, and the impact on the company's profit this year is still uncertain. There is uncertainty about whether this transaction can be completed.

The board of directors of Xiamen Xinda Company believes that this transaction is to better realize the company's development strategy and meet the company's operational needs.

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