Group 1 - The core transaction involves the sale of properties located at 15, 22, and 25 Century Boulevard, Nashville, Tennessee, for a price of $30 million, subject to the terms of the sale agreement [1] - The properties consist of three office buildings and include multiple parking spaces, fully owned by the seller, Rosemont Lakeview Operating LLC, which is part of the GR Realty investment portfolio [1] - GR Realty operates as a comprehensive real estate platform focused on managing property funds in specific target markets in the U.S. [1] Group 2 - GR Realty's strategic operational plan emphasizes focusing on compelling fundamental factors, high liquidity, and improving demographics, driven by technology in coastal gateway markets and selected markets, primarily located on the U.S. West and East Coasts [2] - The company plans to gradually divest assets located in non-core markets, mostly situated in the U.S. Midwest, at appropriate times [2]

Core Insights - The company reported a revenue of 807 million RMB for the six months ending September 30, 2025, representing a year-on-year growth of 8.05% [1] - The profit attributable to the company's owners was 1.875 billion RMB, marking a turnaround from a loss to profit compared to the previous year [1] - Basic earnings per share were reported at 0.685 RMB [1] Revenue Breakdown - The increase in revenue was primarily driven by the e-commerce and distribution business, which contributed an additional 116 million RMB due to new e-commerce platforms and product lines [1] - The property investment and management business saw a slight revenue increase of approximately 3.476 million RMB [1]

Core Viewpoint - Hans (Shanghai) Private Fund Management Co., Ltd. has completed its registration as a private fund manager with the Asset Management Association of China, marking it as the fourth foreign-owned private fund manager to register in 2023 [1][4]. Group 1: Company Registration - Hans (Shanghai) Private Fund Management Co., Ltd. completed its registration on June 23, 2023, and is fully owned by the global real estate operator Hines [4]. - The company is categorized as a private equity and venture capital fund manager, with a registered capital of 2 million USD [4]. - The company is located in the Shanghai Free Trade Zone and is managed by Yan Xiao Yuan, who serves as the legal representative, chairman, and general manager [4]. Group 2: Parent Company Overview - Hines, the parent company of Hans, was established in 1957 in Houston and is a leading global real estate investment, development, and property management firm [6]. - As of December 31, 2023, Hines manages total assets amounting to 93.2 billion USD and provides professional property services for over 9.383 million square meters of assets [6]. - Hines entered the Chinese market in 1995 and has since acquired, managed, and developed over 910,000 square meters of real estate in China [6].