Shanghai Kinlita Chemical (300225.SZ) is planning to sell 34% equity stake in its affiliated company, Yitaiji Technology, to optimize asset allocation.

Shanghai Kinlita Chemical (300225.SZ) announced that the company plans to transfer 34% equity of its holding subsidiary, Shenzhen Yitaiji Technology Co., Ltd., to Rizhao Yitian Investment Partnership Enterprise (Limited Partnership) at a transaction price of 328 million yuan. After the completion of the transaction, the company will no longer hold equity in Yitaiji Technology. It is expected that this transfer of equity in Yitaiji Technology will affect the company's current period profit and loss by approximately -3.09 million yuan. The total impact on the company's profit and loss from the entire investment period in Yitaiji Technology is approximately 4.43 million yuan. This transaction will help the company optimize asset allocation, activate existing assets, improve asset operation and utilization efficiency, and provide sufficient funding support for research and development investment, production operation, and subsequent strategic implementation of the core business.