Group 1 - The company announced a framework agreement for the acquisition of a property in Guangzhou for a maximum indicative price of RMB 260 million [1] - The buyer, Shenzhen Huanyie Global Technology Co., Ltd., is a wholly-owned subsidiary of the company, and the payment will be made through cash, promissory notes, equity, convertible securities, or a combination of these [1] - The target property includes a retail and commercial complex with a total floor area of approximately 8,900 square meters, located in a prime area of Guangzhou [1] Group 2 - The property is strategically located at the intersection of Guangzhou Metro Line 1 and Line 6, with direct access to the metro station [1] - The company aims to enhance its income sources and real estate portfolio through this acquisition, which is expected to provide stable rental income [1] - A refundable earnest money deposit of RMB 100 million is required to be paid to the seller as per the terms of the framework agreement [1]

Core Viewpoint - The company, Global Industrial Technology (01026), has entered into a framework agreement to acquire a commercial property in Guangzhou for a maximum indicative price of RMB 260 million, aiming to enhance its income sources and real estate portfolio [1] Group 1: Acquisition Details - The buyer, Shenzhen Huanyie Global Technology Co., Ltd., a wholly-owned subsidiary of the company, will acquire the property from Guangzhou Jincheng Real Estate Development Co., Ltd. [1] - The agreement stipulates that the company must pay a refundable earnest money deposit of RMB 100 million to the seller [1] - The target property includes a commercial complex with a total floor area of approximately 8,900 square meters, located in a prime area of Guangzhou, connected to the East Mountain subway station [1] Group 2: Strategic Intent - The company has been actively seeking land property investment opportunities that can provide stable rental income [1] - The proposed acquisition is seen as a chance to enhance the company's revenue sources and real estate portfolio [1]

Core Viewpoint - The company, Global Industrial Technology (01026.HK), has announced a framework agreement for the acquisition of a commercial property in Guangzhou, China, with a maximum indicative price of RMB 260 million [1] Group 1: Acquisition Details - The buyer, Shenzhen Huanyuan Global Technology Co., Ltd., a wholly-owned subsidiary, will acquire the target property from Guangzhou Jincheng Real Estate Development Co., Ltd. [1] - The payment for the acquisition may be settled through cash, promissory notes, equity, convertible securities, or a combination of these methods [1] - The company is required to pay a refundable earnest money deposit of RMB 100 million to the seller [1] Group 2: Property Specifications - The target property includes a commercial complex located at No. 4 and 6 Nonglinxia Road, Yuexiu District, Guangzhou, with a total floor area of approximately 8,900 square meters [1] - The property is strategically located in a prime area of Guangzhou, connecting to the intersection of Metro Line 1 and Line 6 at Dongshankou Station [1] - One of the metro station exits connects directly to the basement level of the shopping mall, with two additional exits leading to the first floor of the mall [1]