China Merchants Group: Intends to transfer 100% equity of Taiziwan Business and Storage Real Estate to China Merchants Shipping.

On the evening of August 27, China Merchants Shekou announced that the company intends to sign a "Shenzhen Taiziwan Business Storage Property Co., Ltd 100% equity transfer agreement" with China Merchants Shipping, transferring 100% equity of its wholly-owned subsidiary Shenzhen Taiziwan Business Storage Property Co., Ltd to China Merchants Shipping for a transfer price of 716 million yuan. The Taiziwan area in Shenzhen is developed and operated as a whole by China Merchants Shekou. In order to continue to land industries effectively, the company targets the Shenzhen China Merchants Jiyu Building and introduces China Merchants Shipping to fully leverage synergies and further gather high-end industry resources such as shipping services and modern logistics, effectively enhancing the industrial cluster and economic vitality of the area.