Connected transactions further deemed disposal of a subsidiary

Summary by 6ix AI

Xunfei Healthcare Technology Co., Ltd. has announced a connected transaction involving a deemed disposal of a subsidiary, Beijing Huiji, through an investment agreement with iFlytek Yunchuang. Under this agreement, iFlytek Yunchuang will contribute capital to Beijing Huiji, resulting in a decrease in Xunfei's equity interest in the subsidiary. Despite this reduction, Xunfei will maintain effective control over Beijing Huiji, and its financial results will continue to be consolidated into Xunfei's statements. The transaction is subject to reporting requirements but does not require independent shareholder approval due to its size under the Listing Rules.

Written by 6ix AI from the company’s filing. How 6ix writes summaries