GOGOX to sell mainland China business for 1 yuan, renames to GOGO Tech

The nominal 1 yuan price signals a disposal of an unprofitable unit rather than a value transaction, and the accumulated losses shown across 2022–2025 make the retreat from mainland China the more telling detail than the rename itself. The move concentrates the group's remaining exposure in Hong Kong and overseas markets, so the trajectory of losses outside the mainland becomes the key gauge of whether the downsizing changes the underlying economics. Whether the narrowed footprint produces a different loss profile is the open question.