New Tech Electric (301120.SZ) plans to sell 100% equity of Hebei Xinhua Capital to optimize asset structure.

Zhitong Finance and Economics APP News, Xinte Electric (301120.SZ) announced that, in order to optimize the company's asset structure, improve asset operation efficiency, and promote the high-quality development of the company, the company will transfer 100% equity of Hebei Xinhua Du Frequency Conversion Transformer Co., Ltd. (referred to as "Hebei Xinhua Du" or "target company") held by the company to Sanhe Gaojing Technology Co., Ltd. (referred to as "Gaojing Technology" or "transferee"). In this transaction, the transferee shall pay the transferor a total of RMB 29.7629 million for the acquisition of 100% equity of the target company, and repay the target company's balance of RMB 2.2371 million to the transferor, with the transferee paying a total of RMB 32 million to the transferor. After the completion of this equity transfer, the company will no longer hold equity of Hebei Xinhua Du, and Hebei Xinhua Du will no longer be included in the company's consolidated financial statements.