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

B 900922 three hair B shares

Shanghai San Mao enterprise (Group) Limited by Share Ltd on the transfer 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 transactions

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 transfer 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 transferred through the joint stock exchange of Hong Kong.

After publicly listing, Shanghai Gao long Enterprise Management Co., Ltd. (hereinafter referred to as "Gao long company") confirmed the delisting. Follow up, the company signed the "Shanghai property rights trading contract" with Gao long company, and received the full price of the transaction 18 million 504 thousand and 700 yuan in May 24, 2019.

(see 28, December 20, 2018, January 19, 2019, April 23rd, May 23rd and May) published in the Shanghai securities news, Hongkong Wen Wei Po and the Shanghai stock exchange website.

Two, transaction progress

As of the announcement date, the above target company has completed the industrial and commercial change work, and the relevant equity has been registered to Shanghai Gao long Enterprise Management Co., Ltd. After the completion of the business change, the company no longer holds equity in Shanghai Maoming Property Management Limited. So far, the transaction has been completed.

Notice hereby.

Shanghai San Mao enterprise (Group) Limited by Share Ltd, July 20th two, 19