Bright Real Estate Group (600708.SH) plans to transfer all the equity of 4 wholly-owned subsidiaries through agreement.

Bright Real Estate Group (600708.SH) announced that the company will transfer 100% equity of its wholly-owned subsidiary Shanghai Haibosbansai International Logistics Co., Ltd. ("Haibosbansai") through an agreement with the Shanghai United Property Exchange. The equity transaction amount is RMB 379 million, and it is agreed that the corresponding shareholder loan will be repaid before the completion of the equity change registration of Haibosbansai. The company will also transfer 100% equity of its wholly-owned subsidiary Shanghai Guangming Life Service Group Co., Ltd. ("Service Group") through an agreement with the Shanghai United Property Exchange. The equity transaction amount is RMB 94.2 million, and it is agreed that the corresponding shareholder loan will be repaid before the completion of the equity change registration of Service Group. The company's wholly-owned subsidiary Shanghai Haibo Logistics (Group) Co., Ltd. ("Haibo Logistics") and the company's wholly-owned subsidiary Shanghai Haibo Xijiao Logistics Co., Ltd. ("Haibo Xijiao") will be transferred to Guangming Food Industry Investment (Shanghai) Co., Ltd. through an agreement with the Shanghai United Property Exchange. The total transaction amount for the transfer of equity of the two wholly-owned subsidiaries is RMB 622 million. It is also agreed that the corresponding shareholder loan will be repaid before the completion of the equity change registration.