Elegant living Services (03319.HK) announced that it received notice from the company's shareholder Gong Qingcheng Investment today (20) that Gong Qingcheng Investment intends to sell a total of about 25.209 million H shares to 59 senior management personnel of the group and people who have made outstanding contributions to the development of the company, accounting for about 1.78% of the issued share capital at a price of 3.062 yuan per share, with a total consideration of about 77.19 million yuan.

After the completion of the transfer, Gongqingcheng Investment still has an interest in about 54.91 million H shares, accounting for about 3.87% of the issued share capital, and will continue to serve as a shareholding platform for the management of the company. The company announced yesterday (19th) that Qingcheng Investment has increased its holdings of a total of 120000 H shares, and Qingcheng Investment does not rule out increasing its holdings of the company under appropriate circumstances.

Gongqingcheng Investment is a domestic partnership, and Gongqingcheng Accor Investment Management is its general partner. Huang Fengchao, executive director and executive director of Shanghai Wing Ya Business Consulting Partnership and Shanghai Legend Business Consulting Partnership, and senior management staff Li Dalong and Feng Xin are its limited partners.