[Caihua News] Murong Holdings (01575-HK) announced that after the trading session on January 8, 2021, Murong International Group Co., Ltd., a direct wholly-owned subsidiary of the company, sold two industrial sites located in Cambodia's Sihanoukville Special Economic Zone and the leasing rights for 5 1-2 storey buildings built on them, at a cash cost of 5.51 million US dollars (about 36 million yuan). The estimated net proceeds from the sale are approximately RMB 5.276,000.

The company plans to use the net proceeds from the sale to supplement the Group's working capital and for future business development.