珠海珠免集团股份有限公司关于重大资产出售暨关联交易事项获得珠海市国资委批复的公告

Group 1 - The company plans to transfer 100% equity of Zhuhai Gree Real Estate Co., Ltd. to Zhuhai Tojie Holdings Co., Ltd. as part of a major asset sale and related party transaction [1][2] - The overall restructuring plan has received preliminary approval from the Zhuhai State-owned Assets Supervision and Administration Commission [2] - The transaction is subject to approval by the company's shareholders and other necessary legal and regulatory approvals, which introduces uncertainty regarding the timing and feasibility of the transaction [2] Group 2 - The company’s subsidiary, Zhuhai Duty-Free Enterprise Group Co., Ltd., plans to provide a joint liability guarantee of RMB 280 million for the company’s new borrowing [5][6] - After this guarantee, the total maximum principal amount guaranteed will not exceed RMB 480 million [5][9] - As of the announcement date, the subsidiary has already provided guarantees totaling RMB 820 million for the company [6][12] Group 3 - The company reported total assets of RMB 172.60 billion and total liabilities of RMB 141.66 billion as of September 30, 2025 [7] - For the first nine months of 2025, the company achieved operating revenue of RMB 24.96 billion, with a net profit attributable to shareholders of RMB -5.65 billion [7] - The company’s total external guarantee balance, including this new guarantee, is RMB 6.877 billion, which is 590% of the latest audited net assets [12]