According to the announcement from Dongfeng Group (601515.SH), its wholly-owned subsidiary Hong Kong Furu Investment Co., Ltd. (referred to as "Hong Kong Furu") signed a "Equity Transfer Agreement" with Nanning Industrial Investment Group Co., Ltd. (referred to as "Nanning Investment Group") on December 24, 2024. Hong Kong Furu intends to transfer 49% of its equity in the joint venture Guangxi Zhenlong Color Printing Packaging Co., Ltd. (referred to as "Guangxi Zhenlong") to Nanning Investment Group for a price of 245 million yuan.

The announcement stated that the printing and packaging business, as the company's original main business segment, is facing limited future development space in the printing and packaging sub-sector, slowing growth in the business segment, and intense internal competition in the industry. The company is also orderly advancing the disposal of related assets. After completing the transfer of its equity in the joint venture Guangxi Zhenlong, the company has achieved a phased goal in its strategic transformation and upgrade while further recouping funds to provide sufficient financial support and guarantees for subsequent key investment projects