Shimao Services (00873) plans to sell 60% equity of Jinshatian Technology in Wuxi City for 250 million yuan.

SHIMAO SERVICES (00873) announcement that on September 24, 2024, the seller (Shimao Tiancheng Property Services Group Co., Ltd., an indirect wholly-owned subsidiary of the Company) intends to sell 60% equity of the target company (Wuxi Jinshatian Technology Co., Ltd.) to the buyer (Wuxi Yuanyou Environmental Technology Co., Ltd.) for a total consideration of RMB 250 million. The target company is a Chinese environmental sanitation service provider. After the completion of the sale, the Group will no longer have any equity interest in the target company.