Adjust production layout. Ningbo Xianfeng New Material (300163.SZ) subsidiary intends to transfer a real estate property in Jiaxing City for a price of 6414.78 million yuan.

Announcement from Ningbo Xianfeng New Material (300163.SZ): The company's wholly-owned subsidiary, Jiaxing Fengtai New Material Co., Ltd. (referred to as "Jiaxing Fengtai"), signed the Asset Sale Agreement with Jiaxing Qihuan New Material Co., Ltd. (referred to as "Qihuan New Material") on February 7, 2025, transferring the land and buildings located at the northeast corner of Weisan Road and Jingyi Road in Jiaxing City, Zhejiang Province, as well as the land and buildings at 209 Jingyi Road in Jiaxing Port District, Zhejiang Province. The final transaction price is determined to be 64.1478 million yuan. The announcement states that the sale of the subsidiary's real estate is based on considerations such as adjusting production layout, reducing operating costs, improving asset utilization efficiency, optimizing resource allocation, and increasing the company's capital reserves.