YUEXIU PROPERTY (00123) plans to sell assets and business by transferring the target company.

Yuexiu Property (00123) announced that on May 1, 2026, various relevant sellers (Guangzhou Junjing, Guangzhou Qingyue, Jiajing Global, and Guangzhou Chengjian) and various relevant buyers (Guangzhou Paper Group, Guangzhou Yuexiu Intelligent Manufacturing, Guangzhou Yuexiu Industrial Investment, and Guangzhou Yuexiu Health) have entered into related transfer agreements. Accordingly, the relevant sellers conditionally agree to sell, and the relevant buyers conditionally agree to acquire the equity interest in the target companies. Each transfer agreement is subject to the other and shall only take effect upon approval by independent shareholders at a special meeting of shareholders of all resolutions proposed under the transfer agreements. The target companies (Nansha International Financial Center Target Company, Yungu Industrial Park Target Company, Zhigu Industrial Park Target Company, Bijie Hotel Target Company, and Health Care Target Company) hold multiple assets and businesses, including Nansha International Financial Center, Yungu Industrial Park, Zhigu Industrial Park, Bijie Hotel, as well as medical, nursing, and elderly care businesses. Upon completion, the company will no longer have any interest in the target companies or their properties. Therefore, the target companies will no longer be subsidiaries of the company, and the financial performance of the target companies will no longer be consolidated into the financial performance of the company.