CHONGQING M&E (02722) to Sell Shengpu Technology Asset Group for RMB4.8854 Million

Stock News11-27

CHONGQING M&E (02722) announced that on November 27, 2025, the company entered into an asset transfer agreement with Excellence Company (a wholly-owned subsidiary of its controlling shareholder). Under the agreement, the company agreed to sell, and Excellence Company agreed to acquire, the target asset group of Shengpu Technology for a consideration of RMB4.8854 million.

The target asset group comprises specific assets and corresponding liabilities related to the "CHONGQING M&E Procurement Trading Platform" operated by Shengpu Technology. This platform is an integrated service system combining procurement, payment, contracts, invoicing, and data management.

The transaction aligns with the group’s strategic development plan to focus on its core business, enhance strategic and operational synergies, and optimize resource allocation. By divesting non-core assets, the group aims to concentrate on its high-end equipment business segment, thereby improving development quality, strengthening competitiveness, and creating long-term value for shareholders.

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