According to the announcement from CENTURY GINWA (00162), on May 21, 2026, Qujiang Business Management (a wholly-owned subsidiary of the company, as the seller), the buyer (Xi'an Qujiang Jinkong Asset Operation Management Co., Ltd.), and the target company (Xi'an Yixin Property Management Co., Ltd.) entered into the agreement, whereby (i) Qujiang Business Management conditionally agreed to sell and the buyer conditionally agreed to purchase 100% equity of the target company; and (ii) Qujiang Business Management also conditionally agreed to transfer and the buyer conditionally agreed to accept the target debt, with a total consideration of RMB 762 million, to be paid in cash by the buyer, subject to approval by the shareholders at a special general meeting.

The target company mainly engages in the management of its own properties and related supporting services as well as real estate consulting services. The target debt refers to the amount owed by the target company to Qujiang Business Management as of the debt assessment benchmark date (March 31, 2026), totaling RMB 100.7 million. The land use rights of the property belong to the target company, while the property is operated as a department store (CENTURY GINWA Bell Tower Store) by another subsidiary of Qujiang Business Management under a leasing arrangement. Upon completion, the target company will no longer be a subsidiary of the company. Therefore, its performance, assets, and liabilities will no longer be consolidated into the group's financial statements.

Affected by the overall downturn of the macro economy and the complex and changing market environment, the company has been actively trying to lease or sell the property as a whole to improve liquidity. However, given that it has been developed and operated for many years, its facilities and equipment are aging, and significant capital investment would be required for renovation and upgrades. After careful evaluation and comprehensive consideration by the board of directors, the sale of the property is deemed the most appropriate strategic decision at this time. To achieve the best transaction terms, the company has conducted preliminary discussions with multiple potential buyers. The buyer is the only one that, after seriously assessing the condition of the property and its potential future development, has clearly expressed willingness and proposed attractive conditions to acquire the target company and the property. Upon completion of the sale, the company will decide whether to implement a leaseback of the property and continue operations based on the commercial terms provided by the buyer and the public market bidding situation, and will complete the necessary compliance procedures as applicable