Guangzhou Pearl River Development Group co., Ltd. (600684.SH) plans to publicly transfer 41% of Yi Hua Company's equity.

Guangzhou Pearl River Development Group Co., Ltd. (600684.SH) announced that, in order to optimize the company's asset structure and resource allocation, the company plans to publicly list and transfer 41% equity of Guangdong Yihua Real Estate Development Co., Ltd. (hereinafter referred to as "Yihua Company"). Due to Yihua Company's failure to provide information, and the fact that the company is not the actual controlling shareholder of Yihua Company, the company is unable to access Yihua Company's annual audit report, recent financial statements, and other information. Therefore, special audits and asset evaluations cannot be conducted. Since the company's equity investment in Yihua Company is currently impaired to 0, the company intends to publicly list and transfer its 41% equity in Yihua Company at a minimum price not less than the book value (i.e. 1 yuan), and the final transfer price will be determined based on the results of the buyer's delisting transaction.