SDITC (01697) announced that on September 12, 2025, the company separately entered into a parent fund transfer agreement and a Wanhe fund transfer agreement with Luxin Venture Capital and Shandong High-Tech respectively. The company conditionally agreed to sell, while Luxin Venture Capital and Shandong High-Tech conditionally agreed to acquire the target shares of the parent fund and Wanhe fund respectively, with considerations of RMB 166 million and RMB 37.1588 million respectively.
The total gross proceeds from the fund share transfers are expected to be RMB 204 million, with net proceeds (after deducting related transaction costs and taxes) expected to be approximately RMB 196 million. These proceeds will be used to supplement the company's working capital and optimize the company's applicable financial and regulatory indicators.
The company is currently at a critical stage of deepening reform and promoting business transformation and upgrading. This fund share transfer will effectively achieve asset form conversion, converting the company's existing equity assets into monetary funds, thereby effectively supplementing operating activity cash flows, comprehensively improving overall financial condition, optimizing the company's asset structure, and enhancing core net capital scale. As described in the "Use of Proceeds" section above, this will promote continuous improvement of various regulatory indicators stipulated in the "Trust Company Net Capital Management Measures," thereby strengthening the company's risk defense system and establishing a solid financial foundation for achieving strategic transformation goals.
According to the requirements of the "Notice on Cleaning Up and Regulating Non-Financial Subsidiary Businesses of Trust Companies" (Yinbaojianbanfa [2021] No. 85) issued by the China Banking and Insurance Regulatory Commission, trust companies should comprehensively promote the cleanup and rectification of non-financial subsidiaries. After this fund share transfer, the company will effectively complete the relevant rectification requirements. The company's proprietary asset investment direction will be more in line with regulatory guidance, further focusing on trust main business development and accelerating the return to core business operations.