SHENZHEN INVEST (00604) has announced that on February 6, 2026, its wholly-owned subsidiary, Shenye Pengji, entered into a share transfer agreement with Shahe Industrial and Jinghua Electronics. Under the agreement, Shenye Pengji conditionally agreed to sell, and Shahe Industrial conditionally agreed to purchase, the 70% equity stake in Jinghua Electronics held by Shenye Pengji, for a total cash consideration of 274 million yuan.

Following the completion of the transaction, Shenye Pengji will no longer hold any equity in Jinghua Electronics. Consequently, Jinghua Electronics will cease to be a subsidiary of the company, and its financial results will no longer be consolidated into the group's financial statements.

The company stated that this divestiture aligns with the group's actively promoted transformation strategy to become a "real estate asset management and comprehensive operation service provider." Jinghua Electronics is primarily engaged in the research, development, production, and sale of intelligent display controllers and liquid crystal display devices for the Internet of Things sector, which falls under the advanced manufacturing industry. This business has low relevance to the group's future focus on real estate asset management and operational services.

The group has been actively exploring avenues to realize the intrinsic value of Jinghua Electronics through capital market activities. This transaction is consistent with the group's long-term development strategy for Jinghua Electronics. It is expected to unlock its market value and further optimize the group's overall business structure. Through this sale, the group will be able to concentrate resources more effectively on developing its core businesses, thereby accelerating the strategic shift towards a capital-light, service-oriented business model.