Guangdong Senssun Weighing Apparatus (002870.SZ) plans to publicly transfer all 100% equity of Xiangshan Electronics to optimize asset structure.

Guangdong Senssun Weighing Apparatus (002870.SZ) announcement that the company plans to transfer 100% equity of its wholly-owned subsidiary Guangdong Xiangshan Electronic Technology Co., Ltd. ("Xiangshan Electronics") through public listing on the Zhuhai Property Rights Trading Center. The initial listing price for this transfer is set at 400 million yuan. If the equity transfer is successfully completed, the company will no longer hold the weighing business and related assets, and Xiangshan Electronics and its subsidiaries will no longer be included in the company's consolidated financial statements. The announcement stated that through this transaction, the company can quickly recover investment income, increase cash reserves, optimize the company's asset structure, and reduce the debt ratio. The funds obtained from this transaction will mainly be used for the company's daily operations and debt reduction, promoting the development of the company's automobile business.