Contel (01912.HK) plans to sell 100% equity of its subsidiary for 100,000 yuan.

Zhixun Finance APP reported that Concord (01912.HK) announced that on September 26, 2025 (after trading hours), the seller, Shenzhen Yinghao Control Technology Co., Ltd. (an indirect wholly-owned subsidiary of the company), entered into a stock transfer agreement with the buyer, Huang Jian. Under this agreement, the seller conditionally agreed to sell the equity interest (i.e. 100% equity of the target company) to the buyer for a price of 100,000 RMB, subject to the terms and conditions of the stock transfer agreement.