Easyhome subsidiary divests stake in Tianjin Juran Zhiju partnership

Easyhome New Retail Group Co., Ltd. announced that its wholly-owned subsidiary, Beijing Easyhome Commercial Consulting Co., Ltd., has transferred its entire property share in Tianjin Juran Zhiju Equity Investment Fund Partnership (Limited Partnership) to Foshan Shinemien Group Co., Ltd. The transfer price for Easyhome's 32.87% interest was 26.74 million yuan. This transaction concludes Easyhome's involvement in Tianjin Juran Zhiju.

Earlier, Easyhome Commercial Consulting had acquired this stake for 60.80 million yuan from Easyhome Financial Holdings Co., Ltd. on April 28, 2023. Tianjin Juran Zhiju distributed investment proceeds totaling 33.08 million yuan to Easyhome Commercial Consulting in August 2024, stemming from its exit from the Yuanchao Zhihui (CBD Home Furnishings) project.

This divestiture aligns with Easyhome's investment and development strategies, aiming to optimize its asset structure and improve capital liquidity and utilization efficiency. The company states the transaction does not constitute a connected transaction or a major asset restructuring and will not adversely impact its normal operations or financial performance.