Xuhui Holding Group (00884): Plans to sell 100% of Tianjin Hexin's shares and acquire 50% of Ningbo Haishu Xingli's shares

Zhitong Finance App News, Xuhui Holding Group (00884) issued an announcement. On December 25, 2025, the group entered into the following share transfer agreements on the transaction: (i) the sale agreement, according to which, Beijing Xuhui (a subsidiary of the company) conditionally agreed to sell, while Shenzhen Shengjun conditionally agreed to buy 100% of Tianjin and Xinxin's shares at a total cost of RMB 302 million; (ii) the acquisition agreement. According to this, Shenzhen Shengjun conditionally agreed to sell, while Ningbo Xuhui (a subsidiary of the company) conditionally agreed to buy 50% of Ningbo Haixingli's shares at a total cost RMB 302 million. According to these share transfer agreements, the costs of Shenzhen Shengjun's payment to Beijing Xuhui for the sale will be offset against the costs of Ningbo Xuhui dealing with Shenzhen Shengjun in connection with the acquisition.

China's real estate market is facing unprecedented challenges, and real estate developers are generally under pressure from liquidity. The Board believes that improving resource efficiency, increasing liquidity and reducing debt are key strategies for peers to deal with the crisis. The board of directors believes that the transactions will help the Group optimize resource allocation and concentrate on projects in key development regions, thereby enhancing the Group's liquidity.