Shanghai Sanmao: Wholly-owned subsidiary bids 502.7 million yuan for 48.75% of Bohua Company's equity.

Shanghai Sanmao announced that its wholly-owned subsidiary Sanmao Asset Company participated in the auction of a 48.75% stake in Shanghai Bohua Gene Chip Technology Co., Ltd. from April 16th to 19th, 2026, and won with the highest bid of 5.027 million RMB. The final transaction is subject to the ruling of the Second Intermediate People's Court of Shanghai, and the remaining payment must be made before 4pm on May 4th. After completing the payment and transfer procedures, the company will hold 98.75% stake in Bohua Company and consolidate it into the financial statements. This transaction aims to break the governance deadlock of Bohua Company, achieve loss mitigation and asset recovery.