000018.SZ announced two disputes over notarized creditor's rights between the company and other related parties and Beijing Zhongguancun Technology financing guarantee Co., Ltd. (Zhongguancun guarantee). Beijing Haidian District people's Court from 12:00 on January 2, 2020 to 12:00 on January 3, 2020 (except for delay) on Taobao judicial auction platform (https://sf.taobao.com/010/22)) held by the company's wholly-owned subsidiary Shenzhou Great Wall International Engineering Co., Ltd.Great Wall of ChinaSouthwest Construction Engineering Co., Ltd. ("Southwest Construction") 100% equity ("auction target") for public auction.

After the company inquired about the Taobao judicial auction network platform (https://sf.taobao.com/)), the auction ended at 15:04 on January 3, 2020, and the auction target was won by the natural person Li Hao. If the final delivery of the auction target is completed, the auction target will no longer be included in the company's consolidated statement.

The user name is Li Hao at the Haidian District people's Court of Beijing on January 3, 2020 through the bidding number S6103.AliThe auction platform won the public bidding for the project of "100% equity of China Great Wall Southwest Construction Engineering Co., Ltd." with the highest bid. The bid price for the online auction is RMB 16 million.

After the completion of this transaction, Southwest Construction will no longer be included in the company's consolidated statement. It is expected to increase the company's total profit by about 16 million yuan in 2020. This transaction will help the company to reduce its debt burden, devote more energy to project construction, management and settlement, and help the company to control operational risks without harming the interests of all shareholders.