Shanghai Sanmao (600689): Transfer 100% Equity Of Yindun Company To Tongkai

Shanghai Sanmao (600689. SH) announced that on February 7, 2022, the company received the transaction result notice (transferor) issued by Chongqing United Property Exchange, Shanghai Yindun Electronic Information Technology Co., Ltd. (hereinafter referred to as "Yindun company") 100% equity project (Project No.: 202112001416) has finally determined Shanghai tongkai Lightning Protection Technology Co., Ltd. (hereinafter referred to as "tongkai company") as the transferee of the project, and the final offer is about 7.021 million yuan.

As of the announcement date, the company has confirmed the trading results issued by Chongqing United equity exchange, and signed the property rights transaction contract with tongkai company on February 8, 2022.

After the equity transfer, Yindun company will withdraw from the scope of the company's consolidated statements, but it will not have a significant impact on the company's business, but will have a certain positive impact on the company's profits. After preliminary calculation, it is estimated that the impact of the transaction on the company's current profit and loss is about 660000 yuan.