ST Jihua: Subsidiary company lists land for transfer, transaction price is 77.3194 million yuan.
ST International announced that, in order to revitalize assets and improve asset operating efficiency, its wholly-owned subsidiary Tianjin New Energy transferred part of the land use rights of No. 3 Anfudao, Xiqing District, Tianjin through Tianjin Equity Public Listing. After open public listing auction, Tianjin Jiangheng was confirmed as the buyer. On July 14, 2026, Tianjin New Energy signed an "Asset Transaction Contract" with them, with a transaction price of 77.3194 million yuan, an increase of 38.3391 million yuan compared to the book value, with an appreciation rate of 98.36%. The buyer is required to make full payment within 5 working days after the contract takes effect. This transaction has a positive impact on the company's financial and operational performance.
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