On December 11, Gelonghui (01282.HK) issued an announcement stating that the sold property will be sold through a public auction in mid-November 2023, and the buyer will be the winning bidder for the sale of the property. After the buyer's bid to sell the property, in order to facilitate the transaction, on December 8, 2023, the seller (Laihua Taifeng Co., Ltd., an indirect wholly-owned subsidiary of the company) entered into a sales agreement with the buyer (that is, Ganzhou Tongtai Cultural Tourism Industry Co., Ltd.). According to this, the buyer conditionally agreed to purchase the property, including commercial properties and parking spaces located in Jiangxi Province, at a total cost of about RMB 116 million.

According to the disclosure, commercial properties include hotels, restaurants and offices located on the 5th to 23rd floors of Baoneng Taikoo City, Dongjiangyuan Avenue, Ganzhou City, Jiangxi Province, with a total construction area of about 29,600 square meters. Commercial properties are currently leased to independent third parties, and the terms of the tenancy agreement vary. The parking spaces include 134 parking spaces located in Baoneng Taikoo City, Dongjiangyuan Avenue, Ganzhou City, Jiangxi Province, with a total construction area of about 4329.84 square meters. The parking space is currently leased to an independent third party, and the terms of the tenancy agreement vary.