Jiangsu Hongdou Industrial (600400.SH) plans to purchase the online home business assets of Hongdou.

Jiangsu Hongdou Industrial (600400.SH) announced that the company intends to purchase the stripped-off assets of the Hongdou Home Series product line business (hereinafter referred to as the "Hongdou Home Online Business Asset Group") from its affiliate, Wuxi Hongdou Home Fashion Co., Ltd, and its subsidiary, Wuxi Hongbei Fashion Co., Ltd (hereinafter referred to as "Hongbei Fashion"). The transaction price is based on the assessed value of 493.39 million yuan, plus the unpaid related accounts payable balance of 31.1157 million yuan as of the valuation date, and minus the unpaid related accounts receivable balance of 39.7375 million yuan as of the valuation date. The actual transaction price is 485 million yuan.