Huazi Industry to sell assets, forecasts related party transactions

Baotou Huazi Industry Co., Ltd. (SSE:600191) has announced proposals for its fourth extraordinary general meeting of shareholders in 2025, scheduled for December 30, 2025. Key agenda items include two proposed asset sales. The company plans to sell Huazi Hotel and its subsidiary marketing building to Baotou Prairie Sugar Industry (Group) Co., Ltd. for 29,100,000 yuan. Additionally, the company intends to divest its office building, warehouse, and related land use rights outside the factory area to Inner Mongolia Mai Convenience Supermarket Co., Ltd. for 17,400,000 yuan.

The meeting will also address Baotou Huazi Industry's anticipated related party transactions for 2026. The company and its wholly-owned subsidiary, Shandong Yuwei Biotechnology Co., Ltd., expect to engage in routine related party transactions totaling 1,606,333,000 yuan with Binzhou Zhongyu Food Co., Ltd., its controlled entity Binzhou Zhongguwei Food Co., Ltd., and Binzhou Manyu Energy Development Co., Ltd.

These proposals were detailed in announcements published on the Shanghai Stock Exchange's official website on December 15, 2025. Shareholders will vote on these matters, with the record date for equity registration set for December 25, 2025.