002723SZSE
🚨 Material Event

Progress Announcement on Disposal of Wholly-Owned Subsidiary's 51% Equity and Related Party Transaction

Xiaosong Co., Ltd.··2 pages

✨ AI Summary

This announcement details the progress of Guangdong Xiaosong Technology Co., Ltd.'s sale of 51% equity in its wholly-owned subsidiary, Guohai Construction, to Nan昌 Xin Juyyao Technology Co., Ltd. for RMB 150 million. Xin Juyyao has paid RMB 80 million and completed the industrial and commercial registration. The company is urging Xin Juyyao to pay the outstanding RMB 20 million for the third installment.

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Full Translation

AI Translation· gemini_document

Securities Code: 002723 Securities Abbreviation: Xiaosong Shares Announcement Code: 2026-069

Guangdong Xiaosong Technology Co., Ltd.

Announcement on Progress of Disposal of Wholly-Owned Subsidiary's 51% Equity and Related Party Transaction

The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

I. Overview of Related Party Transaction

Guangdong Xiaosong Technology Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held the 27th meeting of the Sixth Board of Directors and the 4th extraordinary general meeting of shareholders of 2025 on December 12, 2025, and December 29, 2025, respectively. The proposal on the disposal of 51% equity of a wholly-owned subsidiary and the related party transaction was deliberated and approved. For details, please refer to the "Announcement on Disposal of Wholly-Owned Subsidiary's 51% Equity and Related Party Transaction" (Announcement No.: 2025-102) and the "Resolution of the 4th Extraordinary General Meeting of Shareholders of 2025" (Announcement No.: 2025-108) disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on December 13, 2025, and December 30, 2025.

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