Gpro Titanium Industry (000545.SZ) intends to sell 100% equity of Dongyi Hotel Company to optimize the company's asset structure.

Gpro Titanium Industry (000545.SZ) announced that, in order to further optimize its asset structure, improve asset liquidity and utilization efficiency, and alleviate financial pressure, its wholly-owned subsidiary Nanjing Titanium Dioxide Chemical Co., Ltd. (hereinafter referred to as "Nanjing Titanium") intends to sell 100% equity of Shanghai Dongyi Hotel Management Co., Ltd. (hereinafter referred to as "Dongyi Hotel Company" or the "target company"). The buyers are Ma'anshan Wentian Education Development Co., Ltd., Jiangsu Daye Investment Co., Ltd., and Wuxi Daye Real Estate Development Co., Ltd. After negotiation, the transaction will be carried out through a debt-based acquisition. The total valuation of the target company's property is 190 million yuan, deducting part of the target company's debt of 139 million yuan, the valuation of 100% equity of the target company is 51.2398 million yuan. This transaction will further adjust the company's investment layout, optimize its asset structure, improve asset liquidity and utilization efficiency, quickly realize cash flow, alleviate financial pressure, and focus on the company's core business to promote sustainable and healthy development of the company and maximize shareholder value.