Jul. 2 at 8:27 PM
$AACG ATA Creativity Global sells operating subsidiaries for nominal RMB 1; files unaudited pro forma financials
AACG filed SEC Form 6-K. The company completed the disposition of certain operating subsidiaries and related business assets to an unrelated third party for nominal consideration of RMB 1 and furnished unaudited pro forma consolidated financial statements reflecting the transaction as if closed on Dec 31, 2025 (operations removed for the year as of Jan 1, 2025). The pro forma statements eliminate the disposed subsidiaries' operating assets, liabilities, revenues and expenses and show a pro forma reduction in total assets of RMB 1,550,398, an increase in net loss of RMB 5,125,441 for the year ended Dec 31, 2025, and a decrease in shareholders' equity of RMB 2,403,930.
