SMIT Holdings Ltd. has provided an update regarding its disposal of equity interest in S2C Shanghai. According to the latest supplemental agreement, the entity nominated by the investor, referred to as "the Fund," will complete the equity transfer. The payment terms have been revised so that a deposit equal to 20% of the total consideration, approximately RMB 42.3 million, will be paid to an entity nominated by S2C Holding within 10 business days after the signing of the supplemental agreement. The company's board considers the amended terms to be fair and reasonable and in the interests of shareholders as a whole.
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