Jinfa Labi announced on September 28 that its associate company Guangdong Hanfei Hospital Investment Co., Ltd. has used its 49% equity stakes in Zhuhai Hanfei Medical Aesthetics Clinic Co., Ltd. and Zhongshan Hanfei Medical Aesthetics Clinic Co., Ltd. as consideration to offset a total debt of 46.35 million yuan owed to Jinfa Labi. The debt includes the principal and interest of a 25 million yuan loan covered by guarantee compensation, as well as the principal and interest of a 20.75 million yuan claim gifted to the company by its controlling shareholder. The company's board of directors has reviewed and approved the relevant proposal, and this transaction constitutes a related-party transaction. The announcement stated that after the transaction is completed, Zhuhai Hanfei and Zhongshan Hanfei will become wholly-owned subsidiaries of the company. This transaction implements the Equity Pledge Agreement signed and registered for pledge by both parties in October 2025. The transaction targets are minority equity interests in the company's subsidiaries and will not affect the scope of consolidated financial statements. In the first half of 2026, Jinfa Labi achieved revenue of 178 million yuan and net profit attributable to the parent company of 850,000 yuan.
Jinfa Labi Maternity & Baby Articles Co LtdHanfei Investment offsets 46.35 million yuan debt owed to Jinfa Labi using 49% stakes in Zhuhai and Zhongshan Hanfei, which become wholly-owned subsidiaries.
