Jinjiang Hotel: Intends to transfer 100% equity of Jinjiang Food and Jinzhu Catering.

On the evening of June 20, Jinjiang Hotel announced that the company plans to transfer 100% equity of Shanghai Jinjiang International Food and Beverage Management Co., Ltd., directly and indirectly held by Shanghai Jinjiang International Catering Investment Management Co., Ltd., and 100% equity of Shanghai Jinzhu Catering Management Co., Ltd., indirectly held by Catering Investment Company, to Shanghai Jinjiang City Service Co., Ltd. Jinjiang City Service is 100% owned by Jinjiang International Limited, an indirect controlling shareholder of the company.