Magic Decoration Co., Ltd.: Plans to publicly list and transfer 51% equity of Yingju Construction

Magic Decoration Co., Ltd. announced that the company intends to transfer its 51% equity stake in Guangdong Yingju Construction Engineering Co., Ltd. through a public listing, with a listing price of no less than 1.02 million yuan. Yingju Construction is expected to have a net asset of -44.4424 million yuan by the end of 2024, with an operating income of 134 million yuan and a net profit of -50.4945 million yuan in 2024. This transaction aims to optimize resource allocation and reduce company risk, and the counterparty is yet to be determined, which does not constitute a major asset reorganization