On May 26, 2026, USAS BUILDING (02671) announced that it has entered into an equity transfer agreement with buyer Suzhou Xiangyang Technology Industry Development Co., Ltd. to sell a 43% stake in Meigou Construction for RMB 33.8589 million. Prior to the completion of the transaction, the company held 51% equity in Meigou Construction, which was classified as a non-wholly owned subsidiary. Following the transaction's completion, the company's stake in Meigou Construction will be reduced to just 8%, and Meigou Construction will no longer be recognized as a subsidiary of the company.

USAS BUILDING noted that Meigou Construction primarily engages in providing professional general engineering contracting services. In recent years, the professional construction engineering general contracting market has faced intensifying competitive pressures and relatively low profit margins.

After considering current market conditions, Meigou Construction's historical performance, and its business prospects, the board believes the divestiture presents a timely opportunity for the group to streamline its business portfolio and reallocate resources and management focus toward core business segments with stronger growth potential and more sustainable returns.