bingoplusonline| BrightStor Shares (601113.SH): Plans to sell 100% equity of subsidiary Tongtuo Technology and all operating assets related to its main business for 700 million yuan

Gelonghui May 21 丨 BrightStor Shares (601113)(601113bingoplusonline.SH) Announcementbingoplusonline, the company reviewed and approved the "Agreement on the Sale of 100% Equity in Subsidiary Tongtuo Technology and Signingbingoplusonlineand signed the "Equity Acquisition Agreement between Huakai Yibai Technology Co., Ltd. and Yiwu Huaying Nylon Co., Ltd. on Shenzhen Tongtuo Technology Co., Ltd." with Huakai Yibai, agreeing to sell the subsidiary for 700 million yuan. The company's 100% equity of Tongtuo Technology and all operating assets related to its main business (including but not limited to trademarks, patents, stores, inventory assets, etc.).

This transaction will help listed companies focus on the development of their main business, improve the efficiency of the company's asset operation, improve asset quality, reduce management costs, optimize industrial structure, provide financial support for the company's business expansion, and enhance the company's core competitiveness and sustainable profitability.