Zhufen Group announced that the company plans to transfer 100% of its shares in Zhuhai Gree Real Estate Co., Ltd. to Zhuhai Toujie Holdings Co., Ltd., and the transaction method is cash. The transaction is expected to constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Reorganization of Listed Companies”, and will not lead to changes in the controlling shareholders and actual controllers of the company. The counterparty to the transaction is Toujie Holdings. Mr. Ma Zhichao, a director and senior manager of the company, is a director of Turjet Holdings. This transaction constitutes a related transaction. The transaction price has not yet been determined; it will be determined on the basis of the assessed value of assets approved or filed by the state-owned assets supervision and administration department or other authorized entity. The transaction is still subject to necessary internal and external decision-making and approval procedures.

Zhufen Group announced that the company plans to transfer 100% of its shares in Zhuhai Gree Real Estate Co., Ltd. to Zhuhai Toujie Holdings Co., Ltd., and the transaction method is cash. The transaction is expected to constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Reorganization of Listed Companies”, and will not lead to changes in the controlling shareholders and actual controllers of the company. The counterparty to the transaction is Toujie Holdings. Mr. Ma Zhichao, a director and senior manager of the company, is a director of Turjet Holdings. This transaction constitutes a related transaction. The transaction price has not yet been determined; it will be determined on the basis of the assessed value of assets approved or filed by the state-owned assets supervision and administration department or other authorized entity. The transaction is still subject to necessary internal and external decision-making and approval procedures.