Gelonghui, May 29丨Territory Holdings (06999.HK) issued an announcement. The company recently learned that the Chengdu Shuangliu District People's Court issued a decision to appoint Beijing Kangda (Chengdu) Law Firm and Sichuan Zhongzheng Certified Public Accountants Limited Liability Company as managers of Chengdu Lingyuan and Chengdu Runde.

As a result, Chengdu Lingyuan and Chengdu Runde will be managed by managers, and the company has discussed and confirmed with its auditors, after which they will each no longer be comprehensively recorded in the Group's financial statements. The company expects the total assets of the Group to be reduced by about RMB 3.75 billion after the comprehensive accounts are stopped. The Board believes that the cessation of consolidated accounts will not have a significant impact on the Group's cash flow and daily operations.