baccaratredcrystal| Wangyu Technology (01483): Selling 90% equity interest in Shanghai Youmitai Medical at a consideration of 22.5 million yuan

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NetYue Technology (01483) will sell 90% of Shanghai Yumitai's shares at a price of 22.5 million yuan, aimed at improving liquidity and financial position.

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[net reputation Technology (01483) announced the sale of a 90% stake in Shanghai Yumitai to cash out 22.5 million yuan] on April 30, 2024, NetYue Technology announced that its indirect wholly-owned subsidiary Aerospace Huatai Environmental Protection Co., Ltd. has reached a deal with he Yuncai. sell a 90% stake in Shanghai Yumitai Medical Technology Co., Ltd., at a transaction price of 22.5 million yuan. Shanghai Yumitai is an enterprise dedicated to the production and research and development of autologous injection medical devices. After the completion of the deal, NetYue will no longer hold any shares in Shanghai Yumitai, and Shanghai Yumitai will also be removed from the list of subsidiaries of NetYue.

The board of directors of NetYue Technology has a positive attitude towards the sale.BaccaratredcrystalThey pointed out that Shanghai Yumitai's financial performance did not meet expectations and that the sale of Shanghai Yumitai's stake was an ideal choice in view of the current market instability and the increasingly severe operating environment. This move will not only stop losses for Netreputation Technology, but also release it for other business units of the group.BaccaratredcrystalWith funds and resources. The board of directors believes that through this move, Netreputation Technology can further optimize its liquidity and overall financial position, so as to respond more effectively to the current market challenges.

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