Guoan Securities: Wholly-owned subsidiary plans to list and transfer assets not less than 18.1698 million yuan.

Guoan Corporation announced that its wholly-owned subsidiary, Vision Jingcheng Communication Co., Ltd., intends to transfer through public listing the six properties and underground parking spaces owned by it in the Huaxia Bank Building in Shanghai. According to the evaluation report issued by Beijing Guorong Xinghua Asset Evaluation Co., Ltd., Vision Jingcheng intends to publicly list the subject assets at a price not less than RMB 18.1698 million on the Shanghai United Property Rights Exchange, with the possibility of lowering the price by up to 10% depending on market conditions. If the transaction is still unsuccessful and the plan to sell continues, relevant approval procedures will be re-performed before execution. The transaction will be transferred through public listing, and the transaction party and price cannot be determined at this moment.