Core Viewpoint - The company is selling a property to address its financial difficulties and repay urgent loans, despite incurring a loss from the sale [1] Group 1: Transaction Details - The company’s indirect wholly-owned subsidiary, Shanghai Bayju, has entered into an agreement to sell the Bayju property to Shanghai Urban Construction Investment for a total consideration of RMB 384 million [1] - The Bayju property is located at 50, Lane 1688, Guoquan North Road, Yangpu District, Shanghai, covering an area of approximately 216,400 square meters with a total floor area of about 28,700 square meters [1] Group 2: Financial Implications - The net proceeds from the sale amount to RMB 365 million, with RMB 261 million allocated to repay the first loan (including interest), RMB 28.31 million for the second loan (including interest), and the remaining RMB 75.92 million for other bank loans and payables [1] - The company is facing ongoing financial difficulties, particularly the urgent need to repay the first and second loans due in December 2024 [1] - The sale proceeds will also enable the company to repay RMB 79.5 million in principal and RMB 7 million in interest for another bank loan in the first half of 2025 [1]

Core Viewpoint - The company, E-House Enterprise Holdings (02048.HK), announced a property sale agreement involving its indirect wholly-owned subsidiary, Shanghai Bayju, which will sell a property to Shanghai Urban Construction Investment for a total consideration of RMB 384 million [1] Group 1 - The property being sold, referred to as "Bayju Property," is located at No. 50, Lane 1688, Guoquan North Road, Yangpu District, Shanghai, China [1] - The land area of the Bayju Property is approximately 216,400 square meters, while the total construction area is about 28,700 square meters [1]