SHENZHEN INVEST (00604) sells 70% equity of Jinghua Electronics for 274 million yuan to further concentrate resources on developing core businesses.

SHENZHEN INVEST (00604) announced on February 6, 2026, that its wholly-owned subsidiary Shenye Pengji had entered into a share transfer agreement with Shahe Industry and Jinghua Electronics. Shenye Pengji conditionally agreed to sell, while Shahe Industry conditionally agreed to purchase, the 70% stake in Jinghua Electronics held by Shenye Pengji, for a total consideration of RMB 274 million in cash. Upon completion of the transaction, Shenye Pengji will no longer hold any stake in Jinghua Electronics, and Jinghua Electronics will no longer be a subsidiary of the Company, and its financial performance will not be consolidated into the Group's financial statements. The announcement stated that the transaction aligns with the Company's strategic transformation to become a "real estate asset management and integrated operation services provider." Jinghua Electronics is primarily engaged in the research, development, production, and sales of intelligent display controllers and liquid crystal display devices in the Internet of Things (IoT) field, which falls under advanced manufacturing and has low relevance to the Company's future focus on real estate asset management and operation service businesses. The Group has been actively exploring ways to realize the intrinsic value of Jinghua Electronics through the capital market. This transaction aligns with the Company's long-term development strategy for Jinghua Electronics, helping to unlock its market value and further optimize the Group's overall business structure. Through this transaction, the Group will be able to concentrate resources on developing its core business, accelerating the strategic transformation towards a light asset, service-oriented business model.