Contel Technology (1912) Clarifies Net Liability and Disposal Gain in Discloseable Transaction

Bulletin Express

Oct 31

Contel Technology Company Limited (Stock Code: 1912) issued a clarification on 31 October 2025 regarding its discloseable transaction announced on 26 September 2025. The company cited inadvertent mistakes in the previously reported figures for the aggregate unaudited net liability value of the target companies as of 31 March 2025 and the corresponding gain on disposal.

The revised figures show that the target companies’ aggregate unaudited net liability value as of 31 March 2025 amounted to approximately RMB17.6 million. Contel Technology is expected to record a gain of around RMB5.2 million from the disposal. This revised figure reflects the consideration received, the target companies’ net liability value, the effect of waived liabilities totaling around RMB13.6 million, and additional liabilities of approximately RMB1.1 million incurred by the target companies between 1 April 2025 and 31 August 2025.

All other information contained in the previous announcement remains unchanged.

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The company cited inadvertent mistakes in the previously reported figures for the aggregate unaudited net liability value of the target companies as of 31 March 2025 and the corresponding gain on disposal.</p>\n<p>The revised figures show that the target companies’ aggregate unaudited net liability value as of 31 March 2025 amounted to approximately RMB17.6 million. Contel Technology is expected to record a gain of around RMB5.2 million from the disposal. 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