FRD (301297.SZ) has disclosed its intention to offload 4,100,700 shares of its equity-invested entity, Wuxi Haigude New Technology Co., Ltd., at a designated transfer price of 69,998,900 yuan. Upon completion of this share transfer, FRD's stake in Haigude will reduce to 8,884,910 shares, constituting 8.80% of the company's total outstanding shares. This transaction has been structured in accordance with the principle of fair market valuation and is anticipated to generate approximately 180 million yuan in investment returns for FRD, thereby exerting a favorable influence on its financial standing and operational performance.
