Zhitong Finance App News, ST Jinshi (002951.SZ) announced that the company plans to sell 100% of its shares in the subsidiary Sichuan Jinshi Printing Co., Ltd. (“Jinshi Printing” or the “target company”) to Hong Kong Jinming's newly wholly-owned subsidiary Sichuan Jinming Enterprise Management Co., Ltd. (“Sichuan Jinming” for short). The transaction price of the assets subject to this equity transfer was set at 300 million yuan.

According to the announcement, the transaction is based on disposing of idle assets, reducing the burden on listed companies and returning funds to provide financial support for the company's strategic transformation and future development.