Hengda Group of China announced on 25 January 2024 that its subsidiary Hang Da Real Estate Group Guangdong Dong Co., Ltd., has signed an agreement with Hengyu Real Estate Development Co., Ltd., of Shantou, to sell 65% of its shares in the project company at a price of RMB137,620,138.57. The project company is responsible for the real estate development of the Jinbijiang Bay project in Shantou City. In addition, the project company will waive part of the debt of the transferor and its contacts in the amount of RMB376,017,496.98. Under the Listing Rules, this transaction is a Discloseable Transaction. After the sale is completed, China's Hang Dai Group will no longer hold shares in the project company and is expected to earn about RMB 3.04 million. The move aims to address the Group's liquidity problems, promote project recovery and safeguard the interests of investors, creditors and homebuyers.

Hengda Group of China announced on 25 January 2024 that its subsidiary Hang Da Real Estate Group Guangdong Dong Co., Ltd., has signed an agreement with Hengyu Real Estate Development Co., Ltd., of Shantou, to sell 65% of its shares in the project company at a price of RMB137,620,138.57. The project company is responsible for the real estate development of the Jinbijiang Bay project in Shantou City. In addition, the project company will waive part of the debt of the transferor and its contacts in the amount of RMB376,017,496.98. Under the Listing Rules, this transaction is a Discloseable Transaction. After the sale is completed, China's Hang Dai Group will no longer hold shares in the project company and is expected to earn about RMB 3.04 million. The move aims to address the Group's liquidity problems, promote project recovery and safeguard the interests of investors, creditors and homebuyers.