Tongyu Communication completes RMB 31.88m idle asset sale

Guangdong Tongyu Communication Co., Ltd. (Tongyu Communication) announced the completion of the sale of its idle factory buildings and land use rights located at No. 7, No. 11, Huoju Road, Torch Development Zone, Zhongshan City. The transaction with Zhongshan Maiteng Machinery Equipment Co., Ltd. was priced at RMB 31,880,000. The company has confirmed that the title transfer procedures for these assets have been finalized, and the full payment has been received from the buyer.

The sale, initially approved at the company's fifth board meeting on September 26, 2025, and subsequently at the fourth extraordinary general meeting on November 20, 2025, concludes a strategic move to divest non-core assets. The detailed resolutions were previously disclosed on September 27, 2025, and October 30, 2025, on www.cninfo.com.cn.

This announcement signifies the full completion of the transaction, as indicated by the provision of certified transfer documents and bank receipts. The company has now fully realized the proceeds from this asset disposal.