Group 1 - The core point of the article is that CIMC Group plans to purchase 188 residential units in Dongguan to meet the housing needs of its employees and retain core talent in the region [1] - The transaction will be conducted by CIMC's wholly-owned subsidiary, Shenzhen CIMC Innovation Industrial Development Co., Ltd., and the purchase price is set at RMB 293,201,100 [1] - This acquisition is part of CIMC's overall strategy to enhance its industrial and corporate layout in Dongguan [1]

Group 1 - The core point of the article is that CIMC Group plans to purchase 188 residential units in Dongguan for approximately RMB 293 million to meet the housing needs of its employees in the region [1] - The acquisition will be conducted by CIMC's wholly-owned subsidiary, Shenzhen CIMC Innovation Industry Development Co., Ltd [1] - The purpose of this purchase is to attract and retain core talent for the company's operations in Dongguan [1] Group 2 - The residential units are located in the Songshan Lake area of Dongguan, which is part of CIMC's overall industrial and corporate layout in the region [1] - This strategic move reflects the company's commitment to enhancing employee welfare and supporting its business operations in Dongguan [1] - The transaction highlights CIMC's focus on long-term investment in employee housing as a means to strengthen its workforce [1]

Core Viewpoint - The company aims to enhance employee retention and attraction by purchasing residential properties for its workforce in Dongguan, indicating a strategic move to address housing needs and improve talent management [1] Group 1: Company Actions - The company’s wholly-owned subsidiary, Shenzhen CIMC Innovation, plans to acquire 188 residential units in Dongguan from Shenzhen Chenyu Company [1] - The total transaction price for the residential units is set at 293 million yuan [1] Group 2: Strategic Implications - The acquisition is primarily intended for self-use to meet the housing needs of employees working in Dongguan [1] - This move reflects the company's commitment to supporting its core talent in the region, which may enhance overall employee satisfaction and retention [1]

Core Viewpoint - The company plans to acquire 188 residential units in Dongguan for a total price of RMB 163,813,500 to meet employee housing needs and retain core talent in the region [1][9]. Summary by Sections Related Transactions Overview - The acquisition involves Shenzhen CIMC Innovation, a wholly-owned subsidiary of the company, purchasing the residential units from Dongguan Elite Company, which is an affiliate [2][5]. - The transaction is classified as a related party transaction under the Shenzhen Stock Exchange rules but does not fall under the Hong Kong Stock Exchange rules [2][5]. Basic Information of the Parties - Shenzhen CIMC Innovation has a registered capital of RMB 10,000 million and focuses on land use rights leasing and housing leasing [3]. - Dongguan Elite Company, established in November 2016, specializes in apartment management and has a registered capital of RMB 1,000 million [4]. Transaction Details - The total area of the acquired property is 9,100.75 square meters, with a unit price of RMB 18,000 per square meter [5][6]. - The payment structure includes an initial payment of RMB 85,000,000 and the remaining amount contingent upon certain conditions being met [7][8]. Pricing Basis for the Transaction - The transaction price is based on an asset valuation report that estimated the market value of the property at RMB 202,132,400, with a negotiated discount of approximately 20% [8]. Purpose and Impact of the Transaction - The acquisition aims to support the company's operational layout in Dongguan and will not adversely affect the company's financial condition or independence [9].