Nanchang Hongdu Real Estate Co., Ltd. agreed to acquire Shanghai Lvtai Real Estate Co., Ltd. from Shanghai Huitong Energy Co.,Ltd (SHSE:600605) for CNY 840 million on December 6, 2023. As of the signing date of this report, this transaction already gained the following approvals of Hongdu Real Estate?s shareholders? meeting, Approval in principle of the company?s holding shareholder, actual controller and parties acting in concert and on December 6, 2023, the 5th session of the company?s 11th directorate approved the major asset transfer report.

This transaction still needs to be approved by the company?s shareholders? meeting. As of December 29, 2023, Shanghai Huitong Energy Co., Ltd. shareholders approved the transaction.

Xu Liang, Zhang Lanyue of Huatai United Securities Co., Ltd. acted as financial advisor and Xu Ying, Li Jingxian of Tian Yuan Law Firm acted as legal advisor to Shanghai Huitong Energy Co.,Ltd. Huang Zhigang, Zhu Honghui of Moore Stephens Da Hua acted as accountant to Shanghai Huitong Energy Co.,Ltd.