Shanghai Nar Industrial (002825.SZ) plans to sell a 3.5% stake in its affiliate company Moku New Materials to Shenchuang Venture and others.

Shanghai Nar Industrial (002825.SZ) announced that the company plans to sign a Share Transfer Agreement with Shenzhen Chuangxin Capital Investment Co., Ltd., Shenzhen Baoan Industrial Investment Guidance Fund Co., Ltd., Hongtu Longcheng Innovation (Shenzhen) Private Equity Investment Fund Partnership Enterprise (Limited Partnership) (collectively referred to as the "Transferee"), and Shenzhen Moku New Material Group Co., Ltd. ("Moku New Material" or the "Target Company"), selling 3.5% of the equity in Moku New Material for RMB 91 million to the Transferee. It is reported that the sale of a portion of Moku New Material's equity this time is mainly to focus on Shanghai Nar Industrial's core business. On one hand, in accordance with Shanghai Nar Industrial's strategy of focusing resources on the "new materials, new energy" business sector, optimizing Shanghai Nar Industrial's industrial structure and development direction; Shanghai Nar Industrial will use the funds obtained from the sale of equity to increase resource input into its core business, seizing opportunities to strengthen and expand Nar's core business. On the other hand, by introducing external investors, Moku New Material is laying a good foundation for future development and capitalization.