Silkroad Visual Technology (300556.SZ) plans to sell part of its stake in affiliated company Ruicloud Technology.

Silkroad Visual Technology (300556.SZ) announced that its wholly-owned subsidiary Shenzhen Shengqi Yun Network Technology Co., Ltd. (hereinafter referred to as "Shengqi Yun Network") plans to sell a portion of its equity in Shenzhen Ruiyun Technology Co., Ltd. (hereinafter referred to as "Ruiyun Technology"). Shengqi Yun Network intends to transfer 8.5% of its equity in Ruiyun Technology to Jinxiangyu Doululuhao for 52.7 million yuan. After the transfer, Shengqi Yun Network will hold 5.06408% of Ruiyun Technology's equity. Through this equity transfer, the company aims to introduce a new investor with a stable source of funding and a state-owned enterprise background to provide security for the future independent development and continuous operation of Ruiyun Technology. At the same time, the company can not only recover some investment returns through this transaction but also retain some equity to participate in the future development of Ruiyun Technology.