Shenzhen Technology: Plans to list and transfer 100% equity of Shenzhen Technology Guilin

On January 10, Shenzhen Technology issued an announcement stating that in order to promote the implementation of the company's overall strategic layout, optimize resource allocation, and focus on strategic priorities, the company plans to transfer 100% of the equity of its wholly-owned subsidiary Shenzhen Technology Guilin.

The announcement shows that according to the relevant regulations on state-owned assets management, this transfer will be pre-listed at the Shanghai United Equity Exchange. The transfer floor price will be determined before the formal listing of the transfer based on the evaluation results issued by the asset evaluation agency and the filing and approval by the state-owned assets supervision and management agency.

Shenzhen Technology said that this pre-listing is only a pre-disclosure of information, the purpose of which is to seek potential transferees, and does not constitute a transaction. It is currently impossible to determine whether it constitutes a related transaction. This transfer will not affect the company's operating performance in 2021, and the specific impact on the profit and loss in 2022 needs to be determined based on the subsequent actual transaction situation.

According to the information, Shenzhen Technology Guilin is mainly engaged in the production and sales of communications and consumer electronics. Shenzhen Technology holds 100% of the shares of Shenzhen Technology Guilin.

As of October 31, 2021, Shenzhen Technology had total assets of 1.566 billion yuan, total liabilities of 1.378 billion yuan, net assets of 188 million yuan, and realized revenue of 2.638 billion yuan, but a net loss of 27.6181 million yuan. Shenzhen Technology Guilin owed Shenzhen Technology (including its holding subsidiaries) 207.5409 million yuan and receivables from Shenzhen Technology (including its holding subsidiaries) 313.79 yuan.

According to Shenzhen Technology, this transfer will not affect the company's operating performance in 2021, and the specific impact on the profit and loss in 2022 needs to be determined based on the actual subsequent transaction situation.