Shuanghua Holdings (01241): subsidiary plans to sell industrial real estate for 458.303 million yuan

According to Zhitong Finance App, Shuanghua Holdings (01241) issued an announcement. On July 24, 2026 (after the transaction period), the seller Anhui Shuanghua Intelligent Technology Co., Ltd. (a subsidiary of the company that indirectly holds 99.999% of the rights) entered into a sale agreement with the buyer Huangshan Jiulong Construction Investment Co., Ltd. According to this, the seller has conditionally agreed to the sale, and the buyer has conditionally agreed to acquire the target property. The total cost is RMB 458.303 million, and must abide by the terms of the sale agreement.

According to the sale agreement, the seller agreed to sell, and the buyer agreed to acquire industrial real estate (target property) located at No. 1 Chengxiang Road, Jiulong Low Carbon Economic Park, Tunxi District, Huangshan City, Anhui Province, China; all registered under the seller's name: (1) the right to use industrial land (industrial land) with a total area of 41434.58 square meters; (2) the buildings and supporting facilities above it, with a total construction area of 22,466.72 square meters, including: doorman: 59.00 square meters; inspection workshop: 8761.29 square meters; workshop 1:136.43 square meters (3)) Industrial land Various supporting structures and facilities within.

The Group is mainly engaged in supply chain management based on its own properties and the food supply business for domestic and foreign high-end agricultural and sideline products. The target property was previously used by the Group to carry out auto parts manufacturing business in Huangshan City, Anhui Province. In view of the shrinking demand in the traditional auto parts industry, the Group's main business has been transformed and related production activities have ceased at target properties, which now no longer generate any revenue for the Group.

After consideration by the board of directors, the target property is a non-core asset of the Group and is not used in any of the Group's existing business operations. The Board further considered that the sale provided an opportunity for the Group to dispose of idle assets and realise their value, and the Board considered that this was a good opportunity to optimize the Group's asset portfolio. The sale will enable the Group to concentrate resources and re-invest the proceeds to develop and expand supply chain management business, food supply business and seize new development opportunities in the field of innovation and technology. The Board believes that the market prospects for these businesses are promising and are in line with the Group's future strategic direction. The Board believes that the sale will help the Group focus its management energy and financial resources on the core business segment.