CHINA PARTYTIME (01532) announced that on November 19, 2025 (after trading hours), the company entered into a sale and purchase agreement with Fuzhou Baihui Technology Co., Ltd. Under the agreement, the company agreed to sell, and the buyer agreed to acquire, the entire equity interest in High Kelee Investment Holdings Limited for a total consideration of RMB20.5 million.

Following the completion of the transaction, the target group (comprising High Kelee Investment Holdings Limited and Zhejiang Keli) will cease to be a subsidiary of the company, and its financial results will no longer be consolidated in the group’s upcoming financial statements.

The board has reviewed the financial and operational performance of the target group, which primarily engages in clothing care, personal hygiene, and household cleaning products. Given the intensified competition in the personal hygiene market and the normalization of post-pandemic demand, the board believes the target group’s business outlook remains uncertain and may require sustained financial and managerial resources.

The disposal allows the group to streamline its business structure, reduce resource allocation, and enhance overall management efficiency. The board considers the sale an opportune move to realize value from the business and reallocate resources to core operations.