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].