Shangtang: it plans to acquire the 4th to 26th floors of the West Building of Shanghai West Bank International Artificial Intelligence Center for 3.33 billion yuan

Shangtang announced on the Hong Kong Stock Exchange on January 30 that Shanghai Shangtang, an indirect wholly-owned subsidiary of the company, entered into a legally binding intention agreement with the seller and the seller's parent company on January 28, 2022 (after the trading hours). According to the intention agreement, Shanghai Shangtang agreed to purchase (or designate its wholly-owned subsidiary to purchase) and the seller and the seller's parent company agreed to sell the property for an estimated consideration of RMB 3328283192 (equivalent to about HK $4093788326). The property to be acquired is the 4th to 26th floors of the West Building of Shanghai West Bank International artificial intelligence center, located in plot 188n-w-1b, unit ws5, Jiangnan extension of Huangpu, Xuhui District, Shanghai.