Zhitong Finance App News, China Jinmao (00817.HK) announced that on October 15, 2024 (after the trading period), the board of directors approved a plan to sell shares for sale and sell related claims through public listing and transfer on the Beijing Stock Exchange. At the date of this announcement, the shares to be sold were all of the shares of Jinmao Sanya, an indirect wholly-owned subsidiary of the company, and the relevant claims were the balance of Hainan Jinmao's debt against Jinmao Sanya on November 14, 2024 (including outstanding principal and accrued interest). The related claims are estimated to be approximately RMB 584.61 million. According to relevant Chinese laws and regulations, the potential sale is to be publicly traded through the Beijing Stock Exchange, and the successful delisted party (as the final transferee) must also enter into a property rights transaction contract with Jinmao Group and Hainan Jinmao (as the transferor) in accordance with Beijing Stock Exchange regulations. The minimum cost for public listing is approximately RMB 1,849 million.

Zhitong Finance App News, China Jinmao (00817.HK) announced that on October 15, 2024 (after the trading period), the board of directors approved a plan to sell shares for sale and sell related claims through public listing and transfer on the Beijing Stock Exchange. At the date of this announcement, the shares to be sold were all of the shares of Jinmao Sanya, an indirect wholly-owned subsidiary of the company, and the relevant claims were the balance of Hainan Jinmao's debt against Jinmao Sanya on November 14, 2024 (including outstanding principal and accrued interest). The related claims are estimated to be approximately RMB 584.61 million. According to relevant Chinese laws and regulations, the potential sale is to be publicly traded through the Beijing Stock Exchange, and the successful delisted party (as the final transferee) must also enter into a property rights transaction contract with Jinmao Group and Hainan Jinmao (as the transferor) in accordance with Beijing Stock Exchange regulations. The minimum cost for public listing is approximately RMB 1,849 million.