On March 28, Ge Longhui Co., Ltd. (300508.SZ) announced that the company (hereinafter referred to as the “Company”) held the 14th meeting of the 4th board of directors on March 28, 2024 to review and pass the “Proposal on Leasing Own Idle Properties”, agreeing to let the company rent out its own vacant properties.

The company currently has two own properties, No. 119, Lane 975, Metropolis Road, Minhang District, Shanghai, and No. 1590, Huhang Highway, Fengxian District, Shanghai, with a total construction area of about 80,000 square meters. According to the company's medium- to long-term development plan, in addition to the portion for personal use, some properties are still idle. In order to revitalize the idle properties and increase asset returns, it is proposed to rent out the idle portion, which will be managed by the wholly-owned subsidiary Shanghai Weihong Chuanggu Technology Development Co., Ltd.