Optimize asset allocation Hubei Dinglong (300054.SZ) intends to divest its general printing supplies terminal business.

Hubei Dinglong (300054.SZ) announced that the company plans to optimize and adjust the business structure of general consumables such as selenium drums and ink cartridges through equity transfer to control stakes, and to promote the divestment of the related assets, in order to concentrate resources on the innovation materials track with high growth potential. On April 1st, the company's board of directors approved the resolutions on "Sale of Partial Equity of Fully-owned Subsidiary Zhuhai Mingtu Chaojun Technology Co., Ltd." and "Sale of Partial Equity of Controlled Subsidiary Beihai Jiexun Technology Co., Ltd.", intending to transfer 60% equity of Zhuhai Mingtu Chaojun held by Xinping Technology Co., Ltd. (a wholly-owned subsidiary of the company) to Beijing North Office Supplies Co., Ltd. for 120 million yuan. After this transaction, the company's equity stake in Zhuhai Mingtu Chaojun will decrease from 100% to 40%. Furthermore, the company intends to transfer 15% equity of Beihai Jiexun held by Xinping Technology to Suzhou Zhongxinghuichuang Technology Co., Ltd. for 72.75 million yuan, valuing the 100% equity of Beihai Jiexun at 485 million yuan, with a premium of 61.67% over its net assets. After this transaction, the company's equity stake in Beihai Jiexun will decrease from 59% to 44%. Zhuhai Mingtu Chaojun and Beihai Jiexun will no longer be included in the company's consolidated financial statements. The announcement stated that the divestment of traditional consumables such as selenium drums and ink cartridges is a strategic move by the company to focus on the innovation materials sector for long-term sustainable high-speed growth. It is a key initiative for optimizing asset allocation and focusing on the core innovation materials business, which will accelerate the company's cash flow.