SDITC has entered into a master fund transfer agreement with LUXIN and a transfer agreement with Wanhe Fund
SDITC signed a master fund and Wanhe Fund transfer agreement with LUXIN and Shandong High-tech, with an expected total consideration of RMB 204 million. This transfer will improve the company's financial situation, supplement operating funds, and comply with regulatory requirements, promoting the company's strategic transformation
According to the announcement from Shandong Guoxin (01697), on September 12, 2025, the company entered into a master fund transfer agreement and a Wanhe Fund transfer agreement with Luxin and Shandong High-tech, respectively. The company conditionally agreed to sell, and Luxin and Shandong High-tech conditionally agreed to acquire the master fund target shares and Wanhe Fund target shares, with consideration amounts of RMB 166 million and RMB 37.1588 million, respectively.
The total expected proceeds from the fund share transfer are RMB 204 million, and the net proceeds (after deducting related transaction costs and taxes) are expected to be approximately RMB 196 million, which will be used to supplement the company's working capital and optimize the applicable financial and regulatory indicators.
The company is currently in a critical stage of deepening reforms and promoting business transformation and upgrading. This fund share transfer will effectively achieve asset form transformation, converting the company's existing equity assets into cash, thereby effectively supplementing cash flow from operating activities, comprehensively improving the overall financial situation, optimizing the company's asset structure, and enhancing the scale of core net capital. As mentioned in the "Use of Proceeds" section above, this will promote the continuous improvement of various regulatory indicators stipulated in the "Measures for the Management of Net Capital of Trust Companies," thereby strengthening the company's risk defense system and laying a solid financial foundation for achieving strategic transformation goals.
According to the "Notice of the General Office of the China Banking and Insurance Regulatory Commission on Cleaning Up and Regulating the Business of Non-Financial Subsidiaries of Trust Companies" (Yin Bao Jian Ban Fa [2021] No. 85), trust companies should comprehensively promote the cleanup and rectification of non-financial subsidiaries. After this fund share transfer, the company will effectively complete the relevant rectification requirements, and the investment direction of the company's inherent assets will be more in line with regulatory guidance, further focusing on the development of the trust main business and accelerating the return to core business
