Nan Du Property Management: Intends to reduce its shareholding in associate company Anbang Security by 3.75%

Nandu Property announced that the company holds 4.0323 million shares of Anbang Security, accounting for 3.75% of its total share capital. The company plans to sell these shares through centralized bidding and block trading, representing 3.75% of Anbang Security's total share capital, with the transaction price determined by the market price. This transaction does not constitute a related-party transaction or a major asset restructuring, has been approved by the board of directors, and still needs to be approved by the shareholders' meeting. The divestment will optimize the company's asset structure, increase cash assets, but the divestment income is uncertain.