Shenzhen MinDe Electronics Technology (300656.SZ) plans to sell 51% of its equity in Junan Hontu to optimize resource allocation.

Shenzhen MinDe Electronics Technology (300656.SZ) announced that the company plans to transfer 51% of the equity of its holding subsidiary Shenzhen Jun'an Hongtu Technology Co., Ltd. ("Jun'an Hongtu") to Hangzhou Junhai Qichen Enterprise Management Partnership Enterprise (Limited Partnership) ("Junhai Qichen Partnership") for a price of 14.8 million RMB. After the transaction is completed, the company will no longer hold the equity of Jun'an Hongtu, and Jun'an Hongtu will no longer be included in the company's consolidated financial statements. This transaction aims to optimize the company's resource allocation and focus on core business development. At the same time, the industry in which the target company operates is in a critical period of intelligent transformation. The transaction party and its team have rich resources and experience in the field of logistics automation, and can form a strategic synergy with the target company.