China Micro Group (02239) subsidiary to sell 16% equity interest in S2C Shanghai.

According to the announcement by China Micro Holdings (02239) on the Zhitong Finance APP, on September 6, 2025, the company and its subsidiary S2C Holding and S2C Shanghai signed a share transfer agreement with investor Zhongwan Private Equity Fund Management Co., Ltd. Under the agreement, S2C Holding conditionally agreed to sell its 16% equity stake in S2C Shanghai, while the investor conditionally agreed to purchase the equity stake for RMB 2.12 billion.