Quzhou Development plans further share sale in Honghua Digital Technology

Xinhu Zhinnao, a subsidiary of Quzhou Development, intends to sell up to 2,402,204 shares of Honghua Digital Technology, representing 1.33% of its total share capital. The estimated transaction value is 18,927万元, with a book cost of 6,584万元, indicating a projected profit. This follows previous sales from October 2025 to date, where 2,083,996 shares were sold for 1.57亿元, generating a disposal gain of approximately 0.97亿元.

The board of directors approved this resolution on December 8, 2025. The sale will be executed via concentrated bidding and block trading, with the period for divestment extending until December 29, 2025. The disposal price will be determined by secondary market trading prices. The transaction is not considered a related party transaction or a major asset restructuring and does not require shareholder approval.

Quzhou Development expects the sale to generate substantial disposal gains and enhance asset liquidity. The company initially invested in Honghua Digital Technology in 2019, holding 13,618,230 shares with a book value of approximately 3.73亿元 as of September 30, 2025. Investors are advised to be aware of the investment risks.