Securities code: 600828 securities abbreviation: Maoye Commercial Co.Ltd(600828) No.: Lin 2022-002 Maoye Commercial Co.Ltd(600828)
Announcement on foreign investment and establishment of subsidiaries
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content: name of investment object: Chengdu Maoye Real Estate Management Co., Ltd. (tentative name, subject to industrial and commercial registration.) Investment amount: RMB 1 million risk tips:
1. Maoye Commercial Co.Ltd(600828) (hereinafter referred to as “the company”) plans to invest in the establishment of a wholly-owned subsidiary, and there are certain uncertainties in the approval of relevant departments;
2. The operation process of the subsidiary after its establishment may be affected by uncertain factors such as macro policy regulation, changes in market environment and operation management, with certain business risks; 3. This investment of the company will not have a great impact on the financial and operating conditions of the company in the current year.
1、 Overview of foreign investment
(I) basic information of foreign investment
Due to the needs of the company’s business development, the company plans to invest in Chengdu Maoye Real Estate Management Co., Ltd
Limited company. On January 11, 2022, the 51st meeting of the ninth board of directors deliberated and adopted the proposal on foreign investment and establishment of subsidiaries, and agreed that the company would establish a wholly-owned subsidiary Chengdu Maoye Real Estate Management Co., Ltd. with its own funds, with a registered capital of RMB 1 million, mainly engaged in Enterprise management, commercial complex management services, non residential real estate leasing Housing rental, etc.
(II) consideration of foreign investment
The proposed establishment of a wholly-owned subsidiary has been deliberated and approved at the 51st meeting of the ninth board of directors. According to the articles of association and other relevant provisions, the matters involved in the proposal are within the approval authority of the board of directors and do not need to be submitted to the general meeting of shareholders for deliberation.
(III) this investment does not belong to related party transactions, nor does it constitute a major asset reorganization of the company as stipulated in the administrative measures for major asset reorganization of listed companies.
2、 Basic information of investment object
Company name: Chengdu Maoye Real Estate Management Co., Ltd
Registered capital: RMB 1 million
Shareholders and shareholding ratio: the company subscribed 1 million yuan, accounting for 100% of the registered capital
Registered address: No. 4501, 45 / F, building 1, No. 19, Dongyu street, Jinjiang District, Chengdu
Legal representative: Zhao Yuguang
Proposed business scope: enterprise management; Commercial complex management services; Non residential real estate leasing; Housing lease; Parking service; Real estate registration agency services; Enterprise headquarters management; Information consulting services (excluding licensed information consulting services). (except for projects subject to approval according to law, business activities shall be carried out independently according to law with business license) the above information shall be subject to the final industrial and commercial registration.
3、 Impact on Listed Companies
The company’s investment to establish a wholly-owned subsidiary Chengdu Maoye Real Estate Management Co., Ltd. is in line with the requirements of the company’s overall development strategy, which is conducive to the company’s better planning of the financial income of its non retail leasing business and the company’s tax control.
This investment does not damage the legitimate interests of the listed company and shareholders. Based on the fact that the operation process of the company after its establishment may be affected by uncertain factors such as macro-control policies, changes in market environment and operation management, there is uncertainty in its contribution to the subsequent operating performance of the company. 4、 Risk analysis of foreign investment
The establishment of subsidiaries by this foreign investment meets the needs of the company’s strategic development, but there is uncertainty in the approval of relevant departments. At the same time, in the actual operation and management process, it may be affected by uncertain factors such as market, operation and management. This investment may have some uncertainty in subsequent operation and management and risk control. The company will pay close attention to the progress of relevant investment and disclose the progress in time according to relevant regulations. Please invest rationally and pay attention to investment risks.
It is hereby announced
Maoye Commercial Co.Ltd(600828)
Board of directors
January 12, 2002
