Core Viewpoint - The company is convening its first extraordinary general meeting of shareholders in 2025 to discuss two key proposals: renewing a lease agreement and signing a framework agreement for equity transfer [1][2][23]. Group 1: Meeting Details - The meeting is scheduled for June 5, 2025, from 10:30 to 11:00 AM Beijing time, with both onsite and online voting options available [1][2]. - The venue for the onsite meeting is located at 548 Youhao North Road, Urumqi, Xinjiang [1][2]. - Shareholders unable to attend in person may authorize a proxy to participate [1][2]. Group 2: Agenda Items - Proposal 1 involves renewing the lease agreement with Bo Le City and Rui Jun Fa Real Estate Development Co., Ltd. for a commercial property used for the "Bo Le Youhao Fashion Shopping Center," with a total leased area of 38,354.86 square meters and a new lease term of 16 years starting from November 1, 2028 [6][7][12]. - Proposal 2 seeks authorization for the board to sign a framework agreement for the transfer of 100% equity of Huajun Real Estate Company to Xinjiang He Rui Commercial Investment Group, with the transfer price based on the net asset value and the company's long-term investment in the target company [23][24]. Group 3: Lease Agreement Details - The original lease was signed in 2012 for a 15-year term, which has been profitable since 2018, contributing to the company's stable performance [6][7][12]. - The total rent for the new lease term is set at 201,593,120 yuan, with specific payment terms outlined [9][15]. - The lease agreement includes provisions for maintenance, usage rights, and penalties for late payments [10][11][16]. Group 4: Equity Transfer Agreement Details - The equity transfer is part of a strategy to optimize resource allocation and focus on core business areas, with the transaction structured as a debt-assuming transfer [23][24]. - The target company, Huajun Real Estate, has a clear ownership structure and no existing legal encumbrances, making it a viable candidate for the transfer [25][26]. - The agreement includes conditions for the transfer, including the need for prior changes to shared property ownership and the establishment of a guarantee for the transaction [27][28].

Core Viewpoint - The company plans to renew the lease agreement with the real estate developer for the "Bole Youhao Fashion Shopping Center," which has been operating successfully and contributing stable profits since 2018 [1][2][6] Group 1: Transaction Overview - The company intends to renew the lease for a commercial property located in Bole City, Xinjiang, covering a total area of 38,354.86 square meters [1][3] - The new lease term will be 16 years, starting from November 1, 2028, to November 1, 2044 [2][6] - The transaction has been approved by the company's board and will be submitted for shareholder approval [1][2] Group 2: Property and Financial Details - The total rent for the lease period is set at 201.5931 million yuan [4] - The property includes various commercial spaces across five floors, with specific areas allocated for each level [3][4] - The company has maintained a high market share in the region, ensuring a stable customer base and profitability [2][6] Group 3: Impact on the Company - Continuing the lease is expected to facilitate a smooth transition and management of the shopping center, aligning with the company's strategic goals [6] - The ongoing operation of the shopping center is not anticipated to negatively impact the company's financial status or operational capabilities [6]