Yunnan Jinggu Forestry completes major asset sale to controlling shareholder

Huacheng Securities Co., Ltd. has confirmed that Yunnan Jinggu Forestry Co., Ltd. completed the sale of a significant asset and related party transaction. The company divested its 51% equity in Huiyin Timber Industry to Zhou Dafu Investment, its controlling shareholder, for 13,336.60 yuan. This major asset restructuring received all necessary approvals from the board of directors and shareholders on November 14, 2025, and December 22, 2025, respectively.

The equity transfer was substantially completed on December 22, 2025, with Zhou Dafu Investment fulfilling the payment obligation by December 19, 2025. This payment also covered Huiyin Timber Industry's outstanding debt of 6,836.88 yuan to Jinggu Forestry and resolved fund occupation issues by minority shareholders. Post-transaction, Huiyin Timber Industry became a subsidiary of Zhou Dafu Investment, with no changes to the control of Jinggu Forestry.

The independent financial advisor noted that while the industrial and commercial change registration for the equity is still pending, it does not affect the completion status. All related agreements and commitments have been fulfilled, and the transaction complies with relevant laws and regulations.