WELLTECH: Plans to sell the automation instruments and meters business assets to Zizhu Science Park

On March 31, Jinshi Data reported that WELLTECH announced that the company intends to sell its automation instrument and meter business asset group to Shanghai Zizhu Technology Industry Investment Co., Ltd., with Zizhu Ke Investment making a cash payment. This transaction constitutes a significant asset restructuring and is a related party transaction. The transaction still needs to be submitted for approval at the shareholders' meeting, which carries uncertainty. If the company discloses the restructuring matters for the first time before the shareholders' meeting and is investigated for insider trading or criminal investigation, the transaction may be suspended or terminated. The company will fulfill its information disclosure obligations in a timely manner and remind investors to pay attention to investment risks