China Agricultural Products Trading (00149.HK) plans to sell 51% equity stake in Yulin Hongjin Agricultural and Sideline Products Wholesale Market Co., Ltd. for RMB 24.69 million.

Finance APP News, China Agri-Products Trading (00149.HK) and Hongan Group (01222.HK) jointly announced that on May 30, 2025, China Agri-Products Trading (00149) wholly-owned subsidiary Longqun and Yulin Investment and target company Yulin Hongjin Agricultural and Sideline Products Wholesale Market Co., Ltd. entered into a reduction agreement. According to this agreement, Longqun's equity in the target company will be reduced from 51% to zero, with a total consideration of approximately RMB 24.69 million. This amount will be transferred from the target company's bank account to Longqun through telegraphic transfer. In accordance with Chapter 14 of the Listing Rules, the reduction of equity constitutes Hongan and China Agri-Products selling their indirect equity in the target company.