Citic Guoan subsidiary to sell Shanghai properties for capital management

Citic Guoan Information Industry announced on September 19, 2025, that its wholly-owned subsidiary, Shijingcheng Communication (Shanghai) Co. Ltd., will publicly list and transfer six properties and underground parking spaces. Located in the Huaxia Bank Tower on Pudong South Road, Shanghai, this decision aims to activate company assets and streamline operations. The total area of the assets is 805.49 square meters.

The proposed transfer will be conducted through the Shanghai United Property Rights Exchange at a starting price of no less than CNY 18,169,800, based on an appraisal report by Beijing Guorong Xinghua Asset Appraisal Co. Ltd. The price may be adjusted downwards by no more than 10% depending on market conditions.

The company emphasizes that the asset transfer is expected to supplement operating capital, optimize asset structure, and enhance resource allocation efficiency, without impacting normal production and operations.