Beijing Capital Development announces asset restructuring, shareholder meeting

Beijing Capital Development (Shoukai Shares) has announced a series of strategic moves involving asset restructuring, shareholder meetings, and intra-group financial maneuvers. First, the company plans to convene its third extraordinary shareholders' meeting on June 30, 2025, to vote on key resolutions including the proposed termination of the equity transfer of Beijing Shoukai Ruitai Commercial Management Co., Ltd. and a guarantee provided by Beijing Yuetai Real Estate Co., Ltd. for Beijing Shoukai Renxin Real Estate Co., Ltd.'s borrowings.