Subsidiary of Black Peony (600510.SH) plans to sell part of its assets worth 41.97 million yuan.

Black Peony (600510.SH) announced that its wholly-owned subsidiary, Changzhou Black Peony Technology Park Co., Ltd. Xinbei Branch (referred to as "Black Peony Technology Park"), intends to sell the power expansion, fire renovation, and public area renovation projects related to building 1, units 101, 102, 201, and 202, building 9, units 101 and 201 (including industrial plants and the use of state-owned construction land rights) in Black Peony Changzhou Digital Economy Industrial Park located on the north side of Tianhe Road and the west side of Innovation Avenue in Xinbei District, Changzhou City. According to the relevant evaluation results, these projects will be sold to the related party, Changzhou Gaoxin (Jiangsu) Technology Industrial Park Co., Ltd. (referred to as "Changgao ShenZhen New Industries Biomedical Engineering Park"), for a total price of 41,973,429 yuan.