Huanxu Electronics: Intends to sell land assets, transaction amount 719 million yuan.

Huanxu Electronics announced that its wholly-owned subsidiaries Huanlong Electric and Huanhong Technology plan to sell land to indirect controlling shareholder Huandian Stock for a total transaction amount of NT$719 million, equivalent to approximately RMB 175 million. The transaction targets are located in Zhongxingduan, Caotun Town, Nantou County, Taiwan Province, consisting of two pieces of land with assessed values of NT$50.9968 million and NT$668 million respectively. This transaction constitutes a related party transaction, which has been approved by the company's board of directors and does not require approval by the shareholders' meeting. This transaction is beneficial for meeting the company's operational needs in Taiwan, and the completed construction will be leased and used based on the company's actual needs.