Landai Technology Group Corp., a subsidiary, is planning to sell assets related to the assembly of electric drive units for a total of 110 million yuan.

Landai Technology Group Corp., (002765.SZ) announced that its wholly-owned subsidiary, Ma'anshan Landai Transmission Machinery Co., Ltd., intends to transfer the assets related to the assembly business of electric drive units located at 199 Longshan Road, Ma'anshan Economic and Technological Development Zone, and the necessary rights and interests for the continuous operation of the aforementioned business to Luxshare Precision Industry (Ma'anshan) Co., Ltd. The transfer price is 110 million yuan (including 13% value-added tax). This transaction is beneficial for the company to focus on core business development and further optimize the asset structure. The expected impact of this transaction on the company's profit and loss is estimated to be -13 million yuan, subject to confirmation by the company's annual auditing firm.