Shanghai Sanmao (600689): Listing The 90% Equity Interest In Pferring Mao FA Property

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Shanghai San Mao enterprise (Group) Limited by Share Ltd on the pfer of Shanghai Maoming Property Management Co., Ltd.

90% progress announcement on equity

The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

1. Summary of pactions

The ninth board of directors of the Shanghai San Mao enterprise (Group) Limited by Share Ltd (hereinafter referred to as "the company") deliberated and adopted the motion on the proposed pfer of the 90% equity interest of Shanghai maoma property management company in 2018 at the first provisional meeting of the board of directors in 2018 and the first provisional shareholders meeting in 2019. It agreed that the company, based on the valuation of the price, was listed at the base price of RMB 18 million 504 thousand and 700 yuan, and the 90% equity interest of Shanghai maomai Property Management Co., Ltd. was publicly pferred through the joint stock exchange of Hong Kong.

(see December 20, 2018 and January 2019 19), published in the Shanghai securities news, Hongkong Wen Wei Po and the Shanghai stock exchange website.

Two, paction progress

In March 21, 2019, the 90% equity project of Shanghai Maoming Property Management Co., Ltd. was officially listed on the Shanghai stock exchange, and the listing date was from March 21, 2019 to April 18, 2019.

In April 19, 2019, the company received the "Transferee qualification feedback letter" issued by the Shanghai joint property Bats Exchange Inc. "Shanghai Maoming Property Management Co., Ltd. 90% equity project (project number: G32019SH1000022), at the expiration of the announcement period, the 1 intention pferee was collected.

Audited, Shanghai Gao long Enterprise Management Co., Ltd. meets the requirements of the pferee.

Three. The basic situation of intention assignee

Company basic information:

Name: Shanghai Gao long Enterprise Management Co., Ltd.: the limited liability company (natural person investment or holding) residence: the legal representative of No. 142, Renmin Street, Jiading Town, Jiading District: Feng Gongmao's registered capital: 500 thousand RMB business scope: enterprise management, enterprise marketing, corporate image planning, conference service, own house leasing, sales of building materials.

Projects approved according to law can be launched after approval by the relevant departments.

According to the relevant provisions of the Shanghai Stock Exchange Listing Rules and the articles of association, Shanghai Gao long Enterprise Management Co., Ltd. is not related to the company, and this paction does not constitute related pactions.

The company will fulfill the obligation of information disclosure in accordance with the progress of the equity pfer paction.

Four. Reference documents

Shanghai joint property Bats Exchange Inc pferee qualification feedback letter

Notice hereby.

Shanghai San Mao enterprise (Group) Limited by Share Ltd, April 23rd two, 19