GLG News, September 18th | ST Guangwu (600603.SH) stated at the performance briefing that the company had announced in July 2019 arrangements for exiting phased real estate development and sales business, with a commitment to not adding any new residential real estate development projects mainly for commodity housing sales in the future, apart from logistics and business services related business development and their integrated support formats. By the end of 2023, the construction of all the company's real estate projects has been basically completed. The existing real estate business of the company has entered the final stage, and is actively advancing the gradual exit from the real estate business. In the future, the company will determine whether impairment of the corresponding inventory is needed according to accounting standards, based on macro policies and market conditions in the real estate market.
ST广物(600603.SH)：存量房地产业务已进入收尾阶段，目前正积极推进地产业务逐步退出工作
ST Guangwu (600603.SH): The stock real estate business has entered the final stage, and is currently actively promoting the gradual withdrawal of real estate business.
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