CREC(SZ:000736) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-09 03:17Core Viewpoint - The company has approved a significant asset sale and related party transaction, transferring real estate development assets and liabilities to its controlling shareholder, China Communications Real Estate Group Co., Ltd. [2] Group 1: Transaction Details - The fifth extraordinary general meeting of shareholders was held on August 11, 2025, where the proposal for the major asset sale was approved [2] - The asset transfer was confirmed with the signing of the Asset Delivery Confirmation on August 31, 2025, marking the completion of the asset handover [2] - All rights and risks associated with the transferred assets and liabilities are now borne by the real estate group [2] Group 2: Financial Impact - Ernst & Young Huaming has completed the audit of the transitional period profits and losses related to the transaction [3] - The transitional period for the transaction is defined from January 1, 2025, to August 31, 2025, with the audit benchmark date set as August 31, 2025 [4] - The net loss attributable to the parent company's shareholders during the transitional period is reported as RMB -1,819,131,035.45, which will be borne by the real estate group without compensation required from the company [5]