Beijing Creative Distribution Automation (002350.SZ) plans to transfer the controlling stake of 51% of its subsidiary Hangzhou Pingdan to improve operational efficiency and profitability.

Beijing Creative Distribution Automation (002350.SZ) Announcement: The company held the third meeting of the eighth board of directors on September 20, 2024, and approved the proposal to transfer 51% of the equity of its holding subsidiary Hangzhou Pingdan Technology Co., Ltd. To optimize the company's industrial layout and resource allocation, improve asset structure, enhance operational efficiency and profitability, and promote the development of the main business, the company agreed to transfer 35% of the equity of Hangzhou Pingdan held by the company to Qingmu Yuan for 842.205 million RMB, transfer 6% of the equity of Hangzhou Pingdan held by the company to Qingyi Technology for 144.378 million RMB, and transfer 10% of the equity of Hangzhou Pingdan held by the company to Chen Zhaohua for 240.63 million RMB. After this equity transfer is completed, the company will no longer hold any equity in Hangzhou Pingdan. This transfer of equity in Hangzhou Pingdan is aimed at improving operational efficiency and profitability, rationalizing the allocation of internal resources, strengthening the main business, optimizing the company's industrial layout and resource allocation, and improving asset structure. It is a decision made by the company based on prudent long-term business development planning.