Jihua Group: Plans to pre-list the transfer of 100% equity of its subsidiary

Jihua Group announced that it will hold the 13th meeting of the 6th Board of Directors on October 27, 2025, to review and approve the proposed pre-listing transfer of 100% equity and related debts of Changchun Jihua Investment Construction Co., Ltd. at the property rights exchange. As of August 31, 2025, Changchun Jihua has total assets of 156 million yuan, total liabilities of 982 million yuan, owner’s equity of -826 million yuan, operating income of 3.2902 million yuan, and a net profit of -8.2519 million yuan; as of December 31, 2024, total assets of 287 million yuan, liabilities of 1.105 billion yuan, owner’s equity of -818 million yuan, operating income of 6.0539 million yuan, and a net profit of -1.432 billion yuan. The assessment work is still ongoing, and the counterparty, transaction price, and payment method have not yet been determined