SUNFONDA GP (01771) plans to sell all the equity of Xian Xinfeng Taijinghe Logistics Development for 81.92 million yuan.

SUNFONDA GP (01771) announced on March 10, 2025, that the seller (both indirect wholly-owned subsidiaries of the company) intends to sell all the equity of the target company (Xi'an Xinfeng Taijinghe Logistics Development Co., Ltd) to the buyer (Xi'an Zhongyu Real Estate Co., Ltd) for a total consideration of RMB 81.92 million. As of the date of this announcement, the target company owns the target property located in Jinghe Industrial Park, Gaoling District, Xi'an, Shaanxi Province. Upon completion, the Group will no longer have any rights or interests in the target company and target property. As a result, the financial performance of the target company and target property will no longer be consolidated into the Group's financial statements. Based on the strategic development needs of the company, the Group has decided to sell the target company to improve the Group's asset utilization rate and further enhance the quality and efficiency of its business operations. The sale will optimize the Group's financial position and asset liquidity, allowing it to focus on developing its core business to achieve economic benefits and sustainable development.