Shanzi Hi-Tech announced that the company held a board meeting on April 8, 2025 to review and pass the “Proposal on Sale of Shareholding Subsidiaries' Shares and Related Transactions”. The company plans to sell 100% of the shares of Zhejiang Shanzi Smart Service Co., Ltd., a wholly-owned subsidiary, for a transaction consideration of RMB 474 million. After the transaction is completed, the property management and hotel business will no longer be included in the scope of the company's merger. The counterparty was Hangzhou Hezhong Changqing Smart Service Co., Ltd., and since the company's vice president, Ms. Tu Saili, acted as its director and general manager, it constituted a related transaction. The deal still needs to be submitted to the shareholders' meeting for consideration and approval.

Shanzi Hi-Tech announced that the company held a board meeting on April 8, 2025 to review and pass the “Proposal on Sale of Shareholding Subsidiaries' Shares and Related Transactions”. The company plans to sell 100% of the shares of Zhejiang Shanzi Smart Service Co., Ltd., a wholly-owned subsidiary, for a transaction consideration of RMB 474 million. After the transaction is completed, the property management and hotel business will no longer be included in the scope of the company's merger. The counterparty was Hangzhou Hezhong Changqing Smart Service Co., Ltd., and since the company's vice president, Ms. Tu Saili, acted as its director and general manager, it constituted a related transaction. The deal still needs to be submitted to the shareholders' meeting for consideration and approval.