According to the Zhitong Finance App, Dexin China (02019) announced that on July 25, 2023, Zhejiang Jingrun Enterprise Management Co., Ltd. (an indirect non-wholly-owned subsidiary of the company), as the buyer, and Hangzhou Zhenkun Investment Co., Ltd. as seller 1, Hangzhou Zhejiang Yu Enterprise Management Co., Ltd. as target company 1, and Deqing Greentown Zhejiang and Yu Real Estate Co., Ltd. as the project company 1, jointly entered into an equity transfer agreement 1.
On July 25, 2023, Zhejiang Jingrun Enterprise Management Co., Ltd. (an indirect non-wholly-owned subsidiary of the company), as the buyer, Yucheng Group Co., Ltd., as seller 2, Hangzhou Zhejiang Yu Enterprise Management Co., Ltd., as target company 1, Deqing Greentown Zhejiang and Yu Real Estate Co., Ltd. jointly entered into an equity transfer agreement 2. Based on this, seller 2 agreed to sell and the buyer agreed to buy 10% of the target company's shares at a cost of RMB 18 million.
On July 25, 2023, Zhejiang Jingrun Enterprise Management Co., Ltd. (an indirect non-wholly-owned subsidiary of the company), as the buyer, Hangzhou Zhejiang Zhizhen Enterprise Management Co., Ltd. as seller 3, Zhejiang Runguan Enterprise Management Co., Ltd. as target company 2, Deqing Lvxin Real Estate Co., Ltd. and project company 2, jointly entered into an equity transfer agreement 3. Based on this, seller 3 agreed to sell and the buyer agreed to buy 2 45.5% of the target company's shares at a cost of RMB 81.9 million.
On July 25, 2023, Zhejiang Jingrun Enterprise Management Co., Ltd. (an indirect non-wholly-owned subsidiary of the company), as the buyer, Yucheng Group Co., Ltd. as seller 2, Zhejiang Runguan Enterprise Management Co., Ltd. as target company 2, Deqing Lvxin Real Estate Co., Ltd. as project company 2, jointly entered into an equity transfer agreement 4. Based on this, seller 2 agreed to sell and the buyer agreed to buy 2 10% of the target company's shares at a cost of RMB 18 million.
Acquisition item 1 and item 2 make Target Company 1 and Target Company 2 subsidiary companies of the Group, which helps the Group to better operate the land development projects it owns. The two high-quality land reserve resources owned by Target Company 1 and Target Company 2 are in line with the Group's strategic policy of establishing and deepening the Zhejiang base business, and are also expected to bring good investment returns to the Group in the future. Therefore, the directors believe that the conclusion of various share transfer agreements is in line with the Group's strategy.