East Lake High-Tech divests Hubei Data Group stake for 296m yuan

Wuhan East Lake High Technology Group Co., Ltd. (East Lake High-Tech) announced that its wholly-owned subsidiary, Wuhan East Lake High-Tech Digital Technology Investment Co., Ltd. (High-Tech Digital), has finalized the sale of its 30% equity stake in Hubei Data Group Co., Ltd. The transaction, approved by East Lake High-Tech's board on October 29, 2025, involved the transfer of shares to Hubei United Investment Group Co., Ltd. (Hubei United Investment), East Lake High-Tech's indirect controlling shareholder.

High-Tech Digital received the full payment of 296,325,090 yuan from Hubei United Investment on December 25, 2025, as per the equity transfer agreement signed on December 18, 2025. This payment aligns with the agreed transaction price, which was determined based on an asset appraisal report of Hubei Data Group's shareholder equity.

Following the completion of this transaction, East Lake High-Tech will no longer hold any shares in Hubei Data Group. The move represents a strategic divestment for East Lake High-Tech.