Gelonghui, January 5, 丨 Yuyuan Co., Ltd. (600655.SH) announced that the company held the 19th meeting of the 11th board of directors on January 5, 2024 to review and pass the “Proposal on Supplementing Land Concession Funds to Improve the Company's Core Asset Property Status”, agreed to make up the land concession funds for 12 stock houses under the company's name, and agreed to transfer 12 real estate title certificates into concession title certificates. The total amount is about 700 million yuan. The specific amount is subject to the re-signing of the concession contract with the Huangpu District Government of Shanghai. A total of 12 properties were transferred in three batches of title certificates and sold title certificates:
1. The first batch was 8 real estate buildings (Miao Gold Flagship Store - Huangzi 2012 No. 001534, Chuanfang Tower - No. 002944, Nanzi 1998 No. 00288, Nanzi (1998) No. 002809, Jingrong Building - Nanzi 2000 No. 010775, Little World - Shanghai Huangzi (2005) No. 000397, Huangzi 2005 No. 000395, Yuyuan Old Street - Huangzi (2005) No. 000395). The total amount of supplementary concessions was about 190 million yuan.
2. The second batch consists of 3 properties (Hefeng Building - Huangzi No. 001010, Tianyu Tower - Huangzi 2010 No. 001006, Huabao Tower - Huangzi 2010 No. 001011). The total amount of supplementary concessions was about 380 million yuan.
3. The third batch was 1 property (Yue Bin Building - Yellow Letter 2001 No. 003614). The total amount of supplementary concessions was about RMB 130 million.