SG plans to acquire assets from its indirect controlling shareholder, but the transaction still carries uncertainties

On September 30, 2025, Fujian SG Co., Ltd. announced the progress of its acquisition. The company is planning to acquire 51% of the equity of Fujian Shuchan Mingshang Technology Co., Ltd. in cash, with funding sourced from its own or self-raised funds. After the transaction is completed, it will become its controlling shareholder. According to the 2024 audit data, it is expected not to constitute a major asset reorganization. Currently, the audit, due diligence, and evaluation work have been completed, and the evaluation report has been filed. However, the transaction plan is still under negotiation, and the relevant parties have not signed formal documents. This transaction is still in the planning stage, and it is uncertain whether the parties can reach an agreement or whether it can pass decision-making approval. The company will disclose information in accordance with regulations