Core Viewpoint - Zhuhai Free Trade Group Co., Ltd. plans to transfer 100% equity of Zhuhai Gree Real Estate Co., Ltd. to Zhuhai Toujie Holdings Co., Ltd. in a cash transaction, which aligns with the company's commitment to exit the real estate sector within five years and focus on its duty-free business [2][3] Group 1: Transaction Details - The transaction is part of a broader strategy to divest from real estate, with the company previously committing to gradually dispose of its real estate business after a major asset swap [2] - The transfer of Gree Real Estate's equity is expected to lower the company's debt ratio, optimize asset structure, and enhance operational efficiency [2] Group 2: Business Focus and Strategy - The company's business layout focuses on three main sectors: duty-free, commercial management, and trade, with significant investments in key areas like Hainan Free Trade Port and the Hengqin Guangdong-Macao Deep Cooperation Zone [3] - Successful completion of the transaction would mark a substantial step in the company's "de-real estate" strategy, providing greater space for core business focus and capital operations [3] - The company's strategy aligns with the policy window period, aiming to leverage opportunities in the port economy by deepening its presence in the Guangdong-Hong Kong-Macao Greater Bay Area and Hainan Free Trade Port [3]