Autel Intelligent Technology (688208.SH) Plans to Transfer 46% Stake in Syfang Technology for 109 Million Yuan

Stock News09-22

Autel Intelligent Technology Corp.,Ltd. (688208.SH) announced that the company plans to transfer its shareholding in Shenzhen Syfang Technology Co., Ltd. ("Syfang Technology") to multiple parties. The transfer includes 34.50% to seven newly established employee shareholding platforms of Syfang Technology, 11% to Shenzhen Daoheton Information Consulting Enterprise (Limited Partnership) ("Daoheton"), and 0.50% to Mr. Zhao Guanjie, totaling 46% of the equity.

Upon completion of this transaction, the company will no longer hold any equity stakes in Syfang Technology. The transfer price, determined based on valuation results and mutual consultation between parties, totals 109 million yuan, to be paid entirely in cash.

This transaction will benefit the company by enabling further focus on core business development, optimizing asset structure, improving asset allocation efficiency, minimizing operational and management risks for the listed company, strengthening core competitiveness, and aligning with the company's long-term development strategy.

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