Investment surplus: Proposed acquisition of 67% stake in Xinzhong Property

Xinzhong Property is a comprehensive property management service provider, mainly engaged in high-end property management business in the financial industry, and also provides property management services for high-end office building projects, high-star hotels and clubs projects. Recently, China Merchants Reserve plans to sign the Equity Transfer Agreement and the Shareholders Agreement with the transferor Xinzhong Property Management Co., Ltd. The transaction price is 536 million yuan. After the completion of this transaction, the company will hold 67% of Xinzhong Property and Xinzhong Hong Kong will hold 33% of Xinzhong Property.

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