Kangda New Materials (002669.SZ) plans to sell a 51% stake in Beikong Technology for 188 million yuan.

Kangda New Materials (002669.SZ) announced that its wholly-owned subsidiary, Beijing Kangda Shengjing Technology Co., Ltd. ("Shengjing Technology"), intends to sign a Share Transfer Agreement with Tangshan Industrial Holdings Group Low-altitude Economy Development Limited Company ("Tangcong Low-altitude Economy") to sell 51% of the equity held by Tangcong Low-altitude Economy in Chengdu Bi Control Technology Co., Ltd. ("Bi Control Technology" or the "Target Company") for a total consideration of RMB 188 million. The purpose of this transaction is to optimize resource allocation, improve asset operation efficiency, reduce management costs, and enhance profitability. This equity transfer is in line with the company's overall development strategy, and the funds received will be used to repay bank loans and supplement the company's working capital, thereby enhancing the company's overall competitive strength.