Dalian Huarui Heavy Industry completes Dazu Hotel asset sale

Dalian Huarui Heavy Industry Group has successfully completed the sale of its Dazu Chongqing Hotel assets to a consortium formed by Dalian Medical University and its Second Affiliated Hospital. The assets were sold for CNY 54,314,550, with an additional CNY 387,493.39 in interest, bringing the total proceeds to CNY 54,702,043.39. The transaction began with an initial public listing on the Dalian Property Rights Exchange in June 2023, followed by a 10% price reduction for a second listing in March 2024.

The consortium submitted their application to acquire the assets on January 17, 2025, becoming the sole eligible bidder. The official "Property Rights Transaction Contract" was signed on June 24, 2025. Following payment of the full transaction amount, the Dalian Municipal Real Estate Registration Center processed the ownership change application on August 20, 2025.

The transfer of the Dazu Chongqing Hotel assets was officially completed on September 10, 2025, with the issuance of new property rights certificates. This sale aims to monetize dormant assets, enhance operational efficiency, and generate capital to support the company's core business, with a positive impact on current period profits.