Shanghai Sanmao (600689): The Sale Of Camphor Forest Villa Has Not Been Solicited To The Spanferee To Withdraw The License.

Shanghai Sanmao (600689.SH) announced that, in order to further revitalize the company's stock assets, reduce the management and maintenance costs of different places and improve the efficiency of asset operation, the company intends to publicly sell the company and its subordinate subsidiary company, Shanghai Maopai Industry Management Co., Ltd., which is located in 5 residential properties in Chongqing and Shenzhen based on the evaluation value. The first listing price is not lower than the assessed value after this assessment, and the disposal price is based on the actual spanaction price.

In June 21, 2019, the company sent a letter to the Limited by Share Ltd of Chongqing United Assets and exchange group (hereinafter referred to as the "Chongqing Stock Exchange"). The C-9-5 property (camphor forest villa) No. 6, Longhu Road, Yubei District, which was listed on the Chongqing stock exchange, was listed for the first time in June 20, 2018, and no intention spanferee has been collected so far. According to the "supervision and management of state-owned assets spanactions", "the spanfer project has not been collected to the eligible spanferee since the date of the first official disclosure of information for more than 12 months, and the procedures for the spanfer of property rights such as auditing, asset appraisal and information disclosure" shall be re fulfilled. The Chongqing stock exchange shall withdraw the licensing of the above items. Up to now, the sale of part of the property matters have ended.