Xunxun Technology To Sell Hong Kong Unit For RMB 200,000

Xunxun Technology (01640) said on August 28, 2026, that it has agreed to sell its entire equity interest in Xunxun Hong Kong to Wu Dan for RMB 200,000, according to ETNet. The company said the disposal group has not actively carried out any business activities since 2025 and was loss-making in each of the two years ended December 31, 2025, as well as in the six months ended June 30, 2026, excluding one-off gains. As of June 30, 2026, the disposal group had unaudited consolidated net assets of about RMB 200,000. Xunxun Technology expects to record a slight loss of about RMB 400,000 from the sale, subject to review by its auditor.