Gelonghui, March 14 | Tianhong Co., Ltd. (002419.SZ) announced that it intends to entrust China Aviation Fund Management Co., Ltd. and China Aviation Securities Co., Ltd. to communicate, design, approve and issue plans for the company to apply for the issuance of publicly raised real estate investment trusts in the infrastructure sector. The company plans to use Suzhou Xiangcheng Tianhong Shopping Center, owned by Suzhou Tianhong Commercial Management Co., Ltd., a wholly-owned subsidiary, as the underlying asset to carry out the application and issuance of public REITs projects. In the transaction involved in the project, the company will subscribe for 34% of the fund share of the public REITs project set up by the China Aviation Fund. The transaction price will be determined based on the final infrastructure asset evaluation value and public REITs inquiry results. This subscription not only helps the company optimize its debt structure and return funds, but also has certain control over the project company to ensure the stable operation of underlying assets. At the same time, the company will transfer 100% of the project company's shares to the special asset support plan set up by China Aviation Securities, and the share transfer price will not be lower than the equity value registered through state-owned assets assessment.