Subsidiary of Nanfang Pump Industry (300145.SZ) plans to sell some of its assets.

Nanfang Pump Industry (300145.SZ) announced that in order to revitalize idle assets, optimize asset allocation, improve asset operation efficiency, and promote high-quality development of the company, the board of directors approved its subsidiary Hunan Nanfang Changhe Pump Industry Co., Ltd. (referred to as "Nanfang Changhe") to sell some of its assets to external parties. At the same time, the board of directors authorized the management to handle the relevant matters of the sale. The assets to be sold include land and related properties in Changsha Economic Development Zone, Changsha City, Hunan Province.