Zhangzidao Group transfers subsidiary debt in related-party transaction

** Zhangzidao Group (SZSE:002069) announced it will transfer accounts receivable owed to AQUA STAR PTY LTD and AQUABEST PTY LTD from its wholly-owned Hong Kong subsidiary, Zhangzidao Fisheries Group (HK) Co., to Dalian Zhangzidao Ocean Development Group, a related party, for a price of CNY 59,740,463.00, matching the asset's appraised value on April 30, 2025. The transfer, approved by Zhangzidao Group’s board, independent directors, and subject to shareholder approval at a meeting scheduled for July 16, 2025, aims to streamline the company's overseas operations and bolster its focus on core business areas. The independent directors confirmed the move would accelerate capital turnover and optimize the subsidiary's financial position without harming shareholder interests. A shareholder vote on the debt transfer is scheduled at an upcoming extraordinary general meeting.