Century Ginwa agrees to sell Xi’an property unit stake, debt rights for RMB 761.93 million

• Century Ginwa Retail agreed on May 21, 2026 to sell 100% of Xi’an Yixin Property Management, alongside creditor’s rights owed by the target, to Xi’an Qujiang Financial Holdings Asset Operation and Management for RMB 761.93 million in cash.
• The deal prices the equity at RMB 661.26 million, with RMB 100.67 million for the creditor’s rights tied to the target.
• The target holds land use rights for a Bell Tower-area commercial property in Xi’an that has been operated as the Century Ginwa Bell Tower department store under a lease arrangement.
• Net proceeds are expected at about RMB 732.66 million, with around RMB 700 million earmarked to repay group loans and RMB 32.66 million for working capital.
• The group estimated an unaudited gain of about RMB 83 million from the disposal, while the buyer is ultimately controlled by the Qujiang New District Management Committee.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Century Ginwa Retail Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260521-12167471), on May 21, 2026, and is solely responsible for the information contained therein.