Easyhome subsidiary secures bank loan, company updates governance and auditor

Wuhan Zhongshang Group, a wholly-owned subsidiary of Easyhome New Retail Group, has secured a ¥180 million credit line from China Merchants Bank. The 36-month loan is collateralized by real estate held by its subsidiary Wuhan Zhongshang Supermarket Chain Co. with a total floor area of 8,848.63 square meters. This guarantee does not require approval from Easyhome's board or shareholders.

Concurrently, Easyhome's board of directors approved significant revisions to the company’s articles of association and governance. These changes, prompted by new Company Law and regulatory guidelines, eliminate the board of supervisors, transferring its functions to the board's audit committee. The company also plans to replace PwC Zhongtian with BDO China Shu Lun Pan Certified Public Accountants LLP as its auditor for 2025.

These proposed amendments, including the auditor change, will be presented for shareholder approval at an extraordinary general meeting on November 28, 2025. As of November 12, 2025, Easyhome's total outstanding guarantees, including those from its controlled subsidiaries, amount to ¥5,037,432,800, representing 24.92% of its latest audited net assets.