FAWER: Plans to transfer 40% equity of its affiliated company FAWER Wan'an

FAWER announced that the company plans to transfer 40% of its equity in the subsidiary FAWER Wan'an Brake Control System Co., Ltd. through a public listing. According to the asset appraisal report issued by Zhonglian Asset Appraisal Group Co., Ltd., as of May 31, 2025, the book value of the total owner's equity of FAWER Wan'an is 51.8895 million yuan, and the appraised value is 65.55 million yuan. The company will use the above appraisal results as a reference basis, with 40% of the appraised value as the minimum price, and will publicly list it at the Jilin Changchun Property Rights Trading Center. The transferee and the final transaction price will be subject to the results of the public listing. This transaction aims to optimize resource allocation, improve the overall asset quality of the company, focus on core sectors, enhance the concentration of strategic execution, and lay a solid foundation for the company's sustainable and healthy development