Lianyun Technology(688449.SH): Eight Billion Investment Management Company plans to transfer 11.5892% of Nantong Zanding's equity for 156 million yuan

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Gelonghui, March 9 — Lianyun Technology (688449.SH) announced that, based on the company’s current development plan, to optimize the company’s asset structure and resource allocation, increase operational funds, and focus on core business development, after friendly negotiations with relevant parties, the company’s wholly-owned subsidiary, Ba Yi Investment Management, intends to sell all of its 11.5892% equity stake in Nantong Zhanding (corresponding to a registered capital of 2,091,666 yuan) to Mr. Chen Chaoqi, the actual controller of Nantong Zhanding. Based on a target company valuation of 1.35 billion yuan, the sale price is 156.454 million yuan.

This transaction is made after comprehensive and prudent assessment by the company, considering the overall strategic planning and layout, as well as the financial and operational situation of the target company, and following friendly negotiations between both parties. The transaction will help improve the company’s asset operation efficiency, further enhance its sustainable operating capacity, and effectively safeguard the long-term interests of the company and all shareholders, ensuring the rationality and efficiency of resource allocation.

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