Guanhua Hotel (00201.HK) announced that on May 11th, Gronghui,May 11, 2022Shunhao Construction (Group), a wholly owned subsidiary of the company, entered into a sale and purchase agreement with Crest Incorporated as the seller and Deng Yaosheng as guarantor of the seller's obligations, under which the buyer has agreed to acquire the sales shares and accept the sales loan, and the seller has agreed to sell the sales shares and transfer the sales loan to the buyer at a consideration of about 14..HK $2.1 billion (subject to adjustment). After adjustment, the buyer is expected to meet的The maximum price will not exceed 14..4 billion Hong Kong dollars. The target company is the property.的The only legal and beneficial owner.

The position of the property于123 Ting Kau Castle Peak Road, Tsuen Wan, New Territories, Hong Kong.Ting Lanju"the hotel. The total floor area of the hotel is about 21..630000 square feet. The property includes a 16-storey (including three-storey basement) hotel with 435 rooms, a restaurant, a swimming pool and a gym. The property is held under a government lease for the period from September 8, 1992 to June 30, 2047, and the current rent payable is 3% of the total operating income of the target company each year.