On September 30, Gelonhui announced that gree real estate (600185.SH) held the 26th meeting of the eighth board of directors on September 29, 2024. The board approved the "Proposal on Capitalization of Debt to Subsidiaries," agreeing that the company will convert its 24.5023 million yuan debt to Shanghai Baolian, 62.6457 million yuan debt to Shanghai Tailian, 1652.549 million yuan debt to Sanya Halian, and 2086.4858 million yuan debt to Chongqing Liangjiang into capital reserves of Shanghai Baolian, Shanghai Tailian, Sanya Halian, and Chongqing Liangjiang respectively. The capital increase will be implemented after the equity adjustment of Shanghai Baolian, Shanghai Tailian, Chongqing Liangjiang, and Sanya Halian is completed. After this capital increase, the registered capital of the four subsidiary companies mentioned above will remain unchanged.
格力地产(600185.SH)：以债权向子公司转增资本公积
Gree Real Estate (600185.SH): Increasing capital reserve by converting debt into equity for its subsidiary.
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