CIFI HOLD GP (00884): Intends to sell 100% equity in Tianjin and Xin and acquire 50% equity in Ningbo Haishu Xingli.

CIFI HOLD GP (00884) announced that on December 25, 2025, the Group entered into the following share transfer agreements in relation to the transaction: (i) the Sale Agreement, under which Beijing Xuhui (a subsidiary of the Company) conditionally agreed to sell, and Shenzhen Shengjun conditionally agreed to purchase 100% equity interests in Tianjin and Xin for a total consideration of RMB 302 million; (ii) the Purchase Agreement, under which Shenzhen Shengjun conditionally agreed to sell, and Ningbo Xuhui (a subsidiary of the Company) conditionally agreed to purchase 50% equity interests in Ningbo Haicun Xingli for a total consideration of RMB 302 million. According to the share transfer agreements, the consideration payable by Beijing Xuhui to Shenzhen Shengjun for the sale shall be offset against the consideration payable by Ningbo Xuhui to Shenzhen Shengjun for the purchase. The real estate market in China is facing unprecedented challenges, with real estate developers under significant liquidity pressure. The board of directors believes that enhancing resource efficiency, improving liquidity, and reducing debt are key strategies for the industry to address the crisis. The board of directors believes that the transaction will help optimize resource allocation within the Group, focus on projects in key development areas, and enhance the Group's liquidity.