Nanshan Holdings: Completion of equity and debt acquisition and transfer transactions of joint ventures and their subsidiaries

Nanshan Holdings announced that its wholly-owned subsidiary, Wuhan Panlong, had previously planned to acquire 49% of the equity and corresponding debts of Nanshan Huazhong in Wuhan for 267 million yuan, and to acquire 49% of the equity and corresponding debts of Nanshan Zongheng in Fujian for 176 million yuan. Nanshan Huazhong in Wuhan and Nanshan Zongheng in Fujian are planning to list the transfer of 100% equity and related debts of Fujian Guangyang, with a listing reference price of 432 million yuan. Recently, Fujian Xuyi Industrial has become the purchaser of Fujian Guangyang, and the company has received the transfer price of 432 million yuan. As of the date of the announcement, the relevant industrial and commercial registration changes have been completed, and the "package deal" transaction has been completed.