According to Zhitong Financial App, Yongli Investment (01145) announced that on September 26, 2023 (after the trading session), the seller Yongli Aviation (Holdings) Co., Ltd. (an indirect wholly-owned subsidiary of the company) entered into an agreement with the buyer Zhang Xiaoyi. According to this, the buyer has agreed to purchase sales shares from the seller (all issued common shares of Yongli Aviation (Hong Kong) Limited) at a cost of RMB 13.5 million, only after the conditions have been met. Once the sale is completed, the Group will no longer hold any shares in the target company.

The announcement stated that compared to maintaining its investment in the joint venture, even if the sale is expected to result in a loss from the sale, it will still allow the company to avoid further ongoing expenses and any future renovation costs, and can also generate immediate cash proceeds, and the group can obtain richer returns after allocating this amount of money, so it is actually in line with the commercial interests of the Group.