ZUCH: Plans to transfer 100% equity of its wholly-owned subsidiary for 45 million yuan
ZUCH announced that the company held a board of directors and supervisory board meeting on August 26, 2025, to review and approve the proposal to transfer 100% equity of its wholly-owned subsidiary, Yueqing Panheng Technology Co., Ltd., to Zhejiang Jingdong Rubber and Plastic Technology Co., Ltd. The transaction price will not exceed 45 million yuan. After the transaction is completed, Panheng Technology will no longer be included in the company's consolidated financial statements. This transaction aims to optimize the asset structure, supplement cash flow, and focus on the main business, with expected gains not exceeding 40 million yuan
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