Guang Dong Hua Feng New Energy Technology (002806.SZ) plans to sell 12.284% of its equity in Qing Yan Electronics to recover investment funds.

Guang Dong Hua Feng New Energy Technology (002806.SZ) announced that its wholly-owned subsidiary, Zhaoqing Gaoyao District Huafeng Electronic Aluminum Foil Co., Ltd. ("Gaoyao Huafeng" or "wholly-owned subsidiary" or "Party A"), intends to sell 12.284% equity of Shenzhen Qingyan Electronic Technology Co., Ltd. ("Qingyan Electronic" or "target company") to Shenzhen Lihe Entrepreneurial Investment Co., Ltd. ("Lihe Investment" or "Party B1"), Anhui Sheneng Lihe Entrepreneurial Investment Fund Partnership Enterprise (Limited Partnership) ("Sheneng Lihe Fund" or "Party B2"), Guangzhou Lihe Tech City Entrepreneurial Investment Partnership Enterprise (Limited Partnership) ("Guangzhou Lihe Tech City" or "Party B3"), and Guangdong Qingda Entrepreneurial Investment Co., Ltd. ("Qingda Investment" or "Party B4") for a price of RMB 48.64 million. After this equity transfer, Gaoyao Huafeng will no longer hold shares in Qingyan Electronic. This transfer of equity in the affiliated company is beneficial for promoting the investment exit of non-core business assets, retrieving investment funds, and further focusing on the development of the main business, in line with the actual operation and future strategic development needs of the company. After the completion of this equity transfer, Gaoyao Huafeng will no longer hold shares in Qingyan Electronic.