Beijing Airport high-tech park plans major asset sale

Beijing Airport High-Tech Park announced plans to sell its 80% stake in Beijing Tianyuan Construction Engineering to Beijing Airport Economic Development for cash. The planned transaction qualifies as a major asset restructuring and a related party transaction per Shanghai Stock Exchange regulations. The transaction will not affect the company's shareholding structure. In 2024, construction revenue accounted for over 70% of total revenue (excluding district heating) at CNY35,067,010. The company expects revenue to decrease after the sale is complete. The company expects to disclose the asset disposal plan in six months.