002898SZSE
🚨 Material Event

Progress Announcement on Continued Public Transfer of Wholly-Owned Subsidiary Equity

*ST Sailong Co., Ltd.··2 pages

✨ AI Summary

The announcement details the ongoing public transfer of 100% equity in Hunan Sailong Biopharmaceutical Co., Ltd. by Sailong Pharmaceutical Group. The initial listing price is set at RMB 70.4295 million, with the latest listing period from May 25 to May 29, 2026. If no suitable buyers are found, the company may extend the listing period. Investors are advised to monitor further announcements for updates.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

I. Transaction Overview

To optimize resource allocation, activate assets, and enhance operational efficiency, Sailong Pharmaceutical Group Co., Ltd. (hereinafter referred to as "the Company") held the 23rd meeting of the fourth board of directors and the third extraordinary general meeting of shareholders on February 13, 2026, and March 5, 2026, respectively. The meetings approved the proposal regarding the continued public transfer of the equity of its wholly-owned subsidiary. For specific details, please refer to the announcements disclosed by the Company on February 14, 2026, and March 6, 2026, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No.: 2026-018, 2026-020).

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