Zhangzidao Group divests subsidiary, waives pre-emption rights

Zhangzidao Group Co., Ltd. is selling its 100% equity in Dalian Zhangzidao Ship Manufacturing Co., Ltd. to Dalian Haifa Culture, Tourism and Industry Development Co., Ltd. (Haifa Culture and Tourism) for 8,127,400 yuan. This price is based on an asset valuation report dated September 30, 2025. The transaction is a related party transaction as Haifa Culture and Tourism is a direct or indirect controlling shareholder of Zhangzidao Group.

The company's board also approved waiving its pre-emption rights to acquire an additional 51% equity in Yunnan Amur Sturgeon Group Co., Ltd. from existing shareholders Shi Zhenyu and Shi Zhenguang. This decision maintains Zhangzidao Group's 18% stake in Yunnan Amur Sturgeon Group Co., Ltd. and facilitates the introduction of new investors, aligning with the company's focus on its core marine business.

Both resolutions were approved during the company's 9th Board of Directors' 4th meeting and prior strategic committee and independent director meetings. The equity transfer is expected to yield a net profit increase of 13,057,100 yuan for Zhangzidao Group.