China Risun GP (01907) plans to sell Xingtai Xuyang Material for 54.68 million yuan.

CHINA RISUN GP (01907) announced that on October 31, 2025, the company's wholly-owned subsidiary Xuyang Group signed a share transfer agreement with Xuyang New Energy. According to this agreement, Xuyang Group agrees to sell and Xuyang New Energy agrees to acquire all equity of the target company (Xingtai Xuyang Materials New Technology Co., Ltd.) for a price of RMB 54.6862 million. Since its establishment, the target company has not officially conducted substantial business operations. Currently, it is planning to construct a porous carbon project and build a high-end porous carbon industry base. The company expects to generate profits of approximately RMB 33.7693 million from the sale. As the target company has not generated profits for the group, the company believes that selling the target company will realize the intrinsic value of the target company's assets (mainly the land use rights assets held by the target company) and confirm the proceeds from the sale. The board of directors believes that the sale is a favorable arrangement for the group.