Mountain High Technology: Plans to sell 80% equity of Yunfeng Motors for 24.6 million yuan.

On the evening of May 16, Shanzi High-tech announced that Heilongjiang Yunfeng Automobile Co., Ltd. is a holding subsidiary of the company, specializing in vehicle manufacturing. In 2025, the company plans to restructure its existing fuel-powered passenger car sector, concentrating funds and resources. The company will continue to use its existing qualifications to efficiently and cost-effectively advance the research and development of new models, optimize its main business structure, and plan to sell shares in Yunfeng Automobile. The company's holding subsidiary, Shanzi Automobile, holds 80% of the shares in Yunfeng Automobile, with a subscribed capital of 80 million yuan and a paid-up capital of 24.6 million yuan. Recently, Shanzi Automobile reached an agreement with Harbin Yun Kai Automotive Parts Co., Ltd., where the counterparty will acquire 80% of Yunfeng Automobile's shares held by Shanzi Automobile for 24.6 million yuan.