On October 30th, Wangfujing (600859.SH) announced that the company plans to initiate the demolition and reconstruction of a portion of the building and attachments of Wangfujing Group Limited Beijing Xidan Shopping Mall (referred to as 'Xidan Mall') located at 120 Xidan North Street, Xicheng District, Beijing, and dispose of fixed assets with no utility value after the demolition of the building. It is estimated that the net loss from the disposal of fixed assets in this instance will not exceed 94.72 million yuan, which will reduce the company's net income for the year. The specific accounting treatment and the impact will be subject to confirmation by the annual audit of the accountant.