Dalian Huarui Heavy Industry Group (002204.SZ) plans to reduce capital and withdraw from its subsidiary, Ruichuang Engineering.

Dalian Huarui Heavy Industry Group (002204.SZ) announced that on January 14, 2025, the company held the 16th meeting of the sixth board of directors, and approved the "Proposal on Planned Reduction and Withdrawal from Subsidiary Invested Companies." The company's wholly-owned subsidiary Huarui Intelligent and its invested company Ruichuang Ligate Technology (Dalian) Co., Ltd. (referred to as "Ruichuang Ligate") signed a "Reduction Agreement" to withdraw its investment in Ruichuang Ligate through a reduction method, and authorized the company's management to handle the relevant matters related to the reduction. The evaluation date for this reduction is April 30, 2024, and the net asset appraisal value of Ruichuang Ligate is 2.1986 million yuan. Based on the proportional contribution of Huarui Intelligent in the corresponding capital reduction (46.51%), Huarui Intelligent should receive a reduction consideration of 1.0226 million yuan, with an estimated final recovery amount of 0.9936 million yuan after deducting audit and evaluation-related expenses. After this reduction, Huarui Intelligent's subscribed capital in Ruichuang Ligate will be reduced from 5 million yuan to 0 yuan, and the paid-in capital will be reduced from 2 million yuan to 0 yuan. Huarui Intelligent will no longer be a shareholder of Ruichuang Ligate. This disposal of Ruichuang Ligate's equity interests is in line with the strategic needs of the company to streamline organizational structure, continuously optimize internal resource allocation, and business structure. By taking the reduction and withdrawal path, it is conducive to improving the efficiency of equity disposal, accelerating fund recovery, enhancing operational efficiency, and reducing the risk of further loss of state-owned assets.