Shuanghua Holdings Limited (Shuanghua) has inked a Disposal Agreement to sell its idle industrial land and buildings in Jiulong Low-Carbon Economic Park, Tunxi District, Huangshan, Anhui Province, for RMB45.83 million.
The assets—41,434.58 sq.m of land-use rights and 22,466.72 sq.m of workshops and ancillary structures—will be transferred by 99.999%-owned subsidiary Anhui Shuanghua Intelligent Technology to Huangshan Jiulong Construction Investment Co., Ltd.
Key terms • Consideration: RMB45.83 million, payable in full within 10 business days after signing a “Schedule of Subject Matter of Transfer”. • Conditions precedent include shareholders’ approval, regulatory consents and completion of title transfer. • Long-stop date: six months from signing (24 July 2026).
Financial impact • Net book value (30 June 2026): RMB26.30 million. • Estimated gain on disposal: RMB14.20 million, boosting total assets by the same amount; liabilities unchanged. • An impairment of roughly RMB0.20 million on the properties was already recognised in FY 2025.
Proceeds allocation (approx. RMB40.50 million net of RMB5.30 million taxes/fees) • RMB30.00 million earmarked for expanding supply-chain management, food-supply operations and emerging businesses. • RMB10.50 million reserved for general working capital, covering staff costs, taxes, listing expenses and office rent.
Strategic rationale The Huangshan site has been idle since 2023 following Shuanghua’s exit from traditional auto-parts production (revenue: RMB3.60 million in 2022; nil in 2023). Management views the asset as non-core and intends to redeploy funds to its growing supply-chain and high-end food-supply segments.
Listing Rule implications The transaction constitutes a “major transaction” (highest applicable percentage ratio >25% but <75%), requiring shareholder approval.
EGM details Date & Time: 3 September 2026, 2:00 p.m. (PRC) Venue: 9/F, Tongsheng Building, 458 Fushan Road, Pudong District, Shanghai
The register of members will be closed from 31 August to 3 September 2026 (both days inclusive). Shareholders must lodge transfers by 4:30 p.m. on 28 August 2026 to qualify for voting.