CHINA RISUN GP (01907) announced that on October 31, 2025, its wholly-owned subsidiary, Risun Group, entered into a share transfer agreement with Risun New Energy. Under the agreement, Risun Group agreed to sell and Risun New Energy agreed to acquire the entire equity interest in the target company, Xingtai Risun Materials New Technology Co., Ltd., for a consideration of RMB54.6862 million.

Since its establishment, the target company has not commenced substantial business operations and is currently planning to develop a porous carbon project to build a high-end porous carbon industrial base. The company expects to recognize a gain of approximately RMB33.7693 million from the disposal.

Given that the target company has not generated profits for the group, the company believes the sale will realize the intrinsic value of the target company's assets (primarily its land use rights) and recognize the disposal gain. The board considers the transaction a favorable arrangement for the group.