ZHENGYE INT'L (03363) plans to sell its subsidiary's assets in Zhongshan City for approximately 8.8074 million RMB.

ZHENGYE INT'L (03363) announced that on December 12, 2025, the seller (Zhongshan Joint Hongxing Intelligent Manufacturing Co., Ltd., a non-wholly owned subsidiary of the company) intends to sell the property to the buyer (Zhongshan Brothers Supply Chain Co., Ltd.) for approximately RMB 8.8074 million. The property is located on floors 7 and 8 of Building 1, Songwan Zhigu Intelligent Manufacturing Project, Xin Hao South Road, Shaxi Town, Zhongshan City, China. The plot of land where the property is located was originally used for building the construction group's paper waste water treatment facilities and auxiliary material warehouse. In order to increase the utilization rate of the land, the group responded to the call of the Zhongshan municipal government for the "three old" transformation and applied for the rebuilding of the land, which was approved in July 2022. The first phase of the project began in December 2023, involving the construction of three high-standard buildings with a total construction area of approximately 39,913.89 square meters. As of the date of this announcement, Building 1 of the project's first phase has been completed. The property to be sold (floors 7 and 8 of Building 1) constitutes a part of the completed first phase building. The board of directors believes that the sale opportunity is a good way for the group to realize the value of the property at a reasonable price, and the proceeds from the sale can be used for the development and construction of the project or to supplement the group's operating funds.