Gree Real Estate announced that the company plans to exchange the 100% equity of Shanghai Haikong Baolian Real Estate Co., Ltd., the 100% equity of Shanghai Haikong Helian Real Estate Co., Ltd., the 100% equity of Shanghai Haikong Tailian Real Estate Co., Ltd., the 100% equity of Sanya Helian Construction Development Co., Ltd., the 100% equity of Chongqing Liangjiang New Area Gree Real Estate Co., Ltd., and the company's related external debts with the 51% equity of Zhuhai Duty-Free Enterprise Group Co., Ltd. held by Haitu Company through an asset swap. The difference in the asset swap will be supplemented in cash. As of the announcement date, the company has received the registration notice issued by the Market Supervision Administration of Xiangzhou District, Zhuhai City. The relevant matters concerning the transfer of the 51% equity of the Duty-Free Group held by Haitu Company to the company have been completed, and the related work for the equity registration, business change, and other asset deliveries of the transferred company is ongoing.