Shandong International Trust to sell fund interests for 203.5m yuan

Shandong International Trust Co., Ltd. is transferring fund interests in Parent Fund and Wanhe Fund. The company will sell its 18.2% interest in Parent Fund to Lucion Venture Capital for 166.3849 million yuan and its 8.0% interest in Wanhe Fund to Shandong High-Tech for 37.1588 million yuan. Both Lucion Venture Capital and Shandong High-Tech are subsidiaries of Lucion Group, the controlling shareholder.

Gross proceeds from these transfers are expected to be 203.5437 million yuan, with net proceeds estimated at approximately 196.4369 million yuan. These funds will be used to bolster the company’s operating capital and optimize financial and regulatory indicators, particularly in compliance with net capital requirements. The transfers are considered part of the company’s ordinary course of business and are subject to independent shareholders’ approval at an extraordinary general meeting on 7 November 2025.

Valuations for both fund interests were conducted by China United Assets Appraisal Group Shandong Co., Ltd. using an asset-based approach, with a valuation reference date of 31 December 2024. The assessed value for the Parent Fund interest was 178.4563 million yuan, and for the Wanhe Fund interest, it was 37.1588 million yuan.