CIFI Holdings (Group) Co. Ltd. has provided additional details regarding its recent transactions involving the disposal of its equity interest in Tianjin Hexin and the acquisition of a 50% equity interest in Ningbo Haishu Xingli. In the latest update, the company clarified that the consideration for acquiring the 50% shareholding in Ningbo Haishu Xingli was primarily based on the appraised net asset value of RMB623,618,000 as reflected in the valuation report, with the acquisition price set at RMB301,959,000. The company believes the acquisition is beneficial, given the valuation and terms agreed. The update also included further explanations regarding the differences between appraised and book asset values in the Tianjin Hexin transaction and the expected loss resulting from the disposal.

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