Cinda Real Estate (600657.SH) plans to invest 250 million yuan to establish a partnership enterprise to help revitalize existing inventory of non-residential real estate.

Cinda Real Estate (600657.SH) announced that its wholly-owned subsidiary, Beijing Xinda Yuelife Service Co., Ltd. (referred to as "Xinda Yuelife"), together with CHINA CINDA Asset Management Co., Ltd. (referred to as "CHINA CINDA") and Xinshenglibao Equity Investment Co., Ltd. (referred to as "Xinshenglibao"), have jointly established Xinda Kunze (Tianjin) Asset Transformation Investment Partnership Enterprise (Limited Partnership) (referred to as "Partnership"). The Partnership has a total subscribed capital of 5.01 billion yuan, with Xinda Yuelife subscribing 250 million yuan as a limited partner of the Partnership, mainly investing in troubled institutions, troubled assets, and low-efficiency assets to help revitalize non-residential real estate stock.