Skyworth: The minimum price for the transfer of 29.4% equity of Kunshan Kangsheng exceeds 123 million yuan.

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Shenzhen Konka announced that the company will jointly publicly list and transfer its 29.4% equity of Kunshan Kangsheng Investment Development Co., Ltd. and the 30.6% equity held by Taizhou Overseas Chinese City Co., Ltd. in the state-owned property exchange. According to the evaluation value by a third-party evaluation agency, the listing reserve price for the 29.4% equity of Shenzhen Konka is 123 million yuan. In addition, Shenzhen Konka waives its preemptive right to purchase the 30.6% equity of Kunshan Kangsheng held by Taizhou Overseas Chinese City, with a reserve price of 128 million yuan. This transaction aims to optimize asset allocation and accelerate fund inflow. After the transaction is completed, Shenzhen Konka will still hold a 19.6% equity stake in Kunshan Kangsheng, and Kunshan Kangsheng will continue to operate as its affiliated company.

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