China Merchants Property Operation & Service Co.Ltd(001914) : it is proposed to transfer 778 million yuan to three subordinate enterprises to further focus on the main business

According to the announcement of China Merchants Property Operation & Service Co.Ltd(001914) , the company plans to transfer 100% equity of the three subordinate enterprises directly and indirectly held by the company to the subordinate enterprises of China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) the controlling shareholder of the company, with a total transfer price of 778 million yuan. The assets of the three subordinate enterprises to be transferred this time are mainly held properties such as apartments, commercial and shopping centers, with large capital investment and long payback period, which is inconsistent with the company’s development strategy. The company’s transfer of all equity of the above three enterprises will help promote the implementation of the company’s strategy and further focus on the main business.