Kang Peng Technology (688602.SH) plans to transfer all of its shares in Anhui Mintuo

Zhitong Finance App News, Kang Peng Technology (688602.SH) announced that the company plans to transfer all of its shares in the participating company Anhui Mituo New Material Technology Co., Ltd. (hereinafter referred to as “Anhui Mituo” or the “target company”) to Shandong Ruifeng Polymer Materials Co., Ltd. (hereinafter referred to as “Ruifeng High Materials”) for RMB 113 million, while relinquishing the company's priority transfer rights to transfer shares from other shareholders of Anhui Mituo in this transaction, as well as the priority subscription rights for Anhui Mituo's new registered capital.

The completion of this transaction will help optimize the company's industrial layout, focus on the main business, and promote the company's healthy and sustainable development. The company will no longer hold shares in Anhui Mintuo, and the final impact on the company's profit and loss will be based on the results after the annual audit is confirmed.