PARENTING NET's subsidiary plans to sell all the equity of its indirectly wholly-owned subsidiary for 500,000 yuan
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PARENTING NET announced that it plans to sell all the equity of its indirectly wholly-owned subsidiary, Silicon Wave (Nanjing) Information Technology Co., Ltd., for RMB 500,000 on April 1, 2025. This transaction will result in the group no longer holding any interests in the company and Nanjing Chip Creation. The company believes that this sale will not affect business operations; rather, it will help improve cash flow and liquidity, with the proceeds being used for general operating funds. The board believes that the terms of the transaction are fair and reasonable and in the interests of shareholders
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