Harbin Air Conditioning (600202.SH) plans to list and transfer 40% equity of Fushan River to further optimize resource allocation.

Harbin Air Conditioning (600202.SH) announced that the company plans to publicly list and transfer 40.00% equity of its controlling subsidiary Harbin Fushanchuan Biological Technology Development Co., Ltd. (referred to as "Fushanchuan") on the Heilongjiang United Property Exchange. The full equity of Fushanchuan held by shareholders is valued at RMB 9.5314 million as of the assessment reference date of December 31, 2024. The evaluation price corresponding to Harbin Air Conditioning's 40.00% equity in Fushanchuan is RMB 3.8126 million (the final evaluation price shall be subject to the evaluation report approved by the state-owned asset supervision department). According to the relevant regulations of state-owned asset supervision and management, the listing floor price of Fushanchuan on the property exchange shall not be lower than RMB 3.8126 million. The transfer of 40.00% equity in Fushanchuan is beneficial for the company to further optimize resource allocation, focus on advantageous industries, align with the company's development strategy and positioning, and will not affect the company's existing main business. It will not have a significant impact on the company's continued operation and overall development.