Easyhome subsidiary secures 190m yuan credit facility with property collateral

Wuhan Zhongshang Group, a wholly-owned subsidiary of Easyhome New Retail Group, is set to receive a 190,000,000 yuan credit facility from China Minsheng Bank. The 12-month credit line will be secured by property held by Wuhan Zhongjiang Real Estate Development Co., Ltd., another wholly-owned subsidiary of Wuhan Zhongshang Group.

The collateral includes 159 properties across various floors of buildings at No. 7-9 Zhongnan Road, Wuchang District, Wuhan. These properties have a combined building area of 55,702.52 square meters and land area of 2,279.59 square meters. This highest-priority mortgage contract does not require approval from Easyhome New Retail Group's board of directors or shareholders.

The period for the credit line's occurrence is from December 25, 2025, to December 25, 2028. As of September 30, 2025, Wuhan Zhongshang Group reported total assets of 5,547.28m yuan and total liabilities of 3,751.88m yuan. The aggregate guarantee balance between Easyhome New Retail Group and its controlling subsidiaries stands at 5,228.88m yuan, representing 25.87% of the company's latest audited net assets.