Shenyang Public Utility Development (00747) plans to sell 100% equity of Shenzhen Jusheng Chuangjian Investment Development for RMB 2 million.

Shenyang Public Utility Development (00747) announces that on September 18, 2026, the Company (as seller) entered into a share transfer agreement with the purchaser, Shenzhen Castle Century Trading Co., Ltd., pursuant to which the Company intends to sell to the purchaser 100% equity interest in the target company, Shenzhen Jusheng Chuangjian Investment Development Co., Ltd., for a consideration of RMB 2 million. As at August 31, 2026, the adjusted (after taking into account the financial impact of the Zhongya Disposal) unaudited consolidated total assets and consolidated total liabilities of the target group were approximately RMB 81.713 million and RMB 142.5 million, respectively. In view of the relatively significant liabilities, the Company considers that the disposal will enable the Group to substantially reduce its financial risk exposure to the project and alleviate the funding pressure arising from existing liabilities and further capital requirements of the Shennongjia Hotel project. The Board has also considered the Group's overall business development and capital allocation needs. The Group currently operates other business segments and is developing, among others, its edge computing infrastructure business, which requires financial and management resources for business expansion and the execution of existing and potential contracts. By reducing the Group's risk exposure to the liabilities and future funding requirements of the Shennongjia Hotel project, the disposal will enhance the flexibility of the Group in allocating its financial resources and enable the Group to focus its capital and management attention on its existing businesses and other business opportunities that the Board considers may bring more immediate operational and commercial benefits to the Group.