China Reform Health sells Guangdong Haihong stake for 70 million yuan

China Reform Health Management And Services Group Co. has successfully completed the public listing and transfer of its 45% stake in Guangdong Haihong Yaotong E-commerce Co. The transaction was approved by the company's board on September 27, 2023, and by shareholders on October 16, 2023.

The company's subsidiaries, China Reform Health Management And Services Co. and Guoxin Yikang Data (Beijing) Co., transferred their 25% and 20% stakes in Guangdong Haihong, respectively. These were acquired by Shanghai Furui Investment Consulting Co. via an agreement signed on November 27, 2024. The total transaction value for the 45% equity amounted to 70 million yuan. Specifically, the 25% stake was sold for 38.89 million yuan, and the 20% stake for 31.11 million yuan.

As of the disclosure date, all equity payments have been received, and the industrial and commercial change registration procedures are complete, finalizing the Guangdong Haihong equity transfer project.