Beijing Oriental Yuhong subsidiary to sell commercial property at a loss

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. and its subsidiary, DAW Asia Limited, plan to sell a commercial property located at 8 Yingze Road, Changping District, Beijing, for 10,115,900 yuan. This asset disposal aims to revitalize idle fixed assets, enhance asset utilization, and optimize the company's asset structure. The transaction, approved by the board on December 8, 2025, is expected to result in a disposal loss of 2,959,596.80 yuan.

The property, measuring 1,011.59 square meters, was acquired by DAW Asia Limited from Beijing Yuanteng Property Co., Ltd. for 26,807,138 yuan on January 20, 2025. The asset's book value is 25,331,515.73 yuan, with a net book value of 12,240,239.00 yuan after an impairment provision of 13,091,276.73 yuan.

The valuation report, issued by Beijing Zhongping Zhengxin Asset Appraisal Co., Ltd. on December 2, 2025, assessed the property's market value at 12,240,200.00 yuan (excluding tax) as of November 1, 2025. The buyer, Huili Wutong (Beijing) Health Technology Co., Ltd., paid a deposit of 1,011,590.00 yuan, with the remaining balance due upon title transfer.