SVG Tech Group announced on September 30 that the company and its wholly owned subsidiary Yancheng Weige plan to publicly list the entire equity interest in Changzhou Huarisheng Reflective Material Co., Ltd. on the Suzhou Property Rights Exchange, with an initial combined reserve price of 157 million yuan. Since the company's controlling shareholder Chen Linsen may participate in the bidding, the transaction may constitute a related-party transaction. Financial data show that Huarisheng posted a net loss of 23.4036 million yuan in 2025 and a net loss of 12.8069 million yuan in the first half of 2026. After the transaction is completed, Huarisheng and its subsidiaries will no longer be included in SVG Tech Group's consolidated financial statements.
SVG Optronics Co LtdSVG Tech Group is divesting its loss-making Huarisheng unit (net losses in 2025 and H1 2026) for a 157 million yuan reserve price, removing it from consolidated statements.
