Report of Ruian Real Estate Co., Ltd.

1, Ruian Real Estate plans to spin off Xintiandi for listing.

Luo Kangrui, Chairman of Ruian Real Estate, and Li Jingang, Managing Director and Chief Executive Officer, jointly announced in Shanghai that they would set up a commercial real estate asset operation management company named "China Xintiandi" to package and purchase commercial properties owned by Ruian Real Estate for 68 billion yuan, involving projects such as Shanghai New World, Enterprise World, Hongqiao Tiandi, wuhan heaven and earth and chongqing heaven and earth.

According to the plan, the above-mentioned "China Xintiandi" commercial real estate operation management company will be listed on the Hong Kong Stock Exchange. Li Jingang further revealed that after the split is completed, Ruian Real Estate will focus on real estate development business and strive to catch up with domestic real estate enterprises in terms of turnover rate. Xue Jiong-wen, managing director of Credit Suisse Zhicheng Management Consulting Company, told reporters that after the split of Xintiandi is completed, the turnover rate of Ruian real estate will be greatly accelerated.

2. Ruian Real Estate tried its best to circle 65.438+08 billion yuan to split the new world and seek rebirth.

3. Li Jingang, CEO of Ruian Real Estate, left Luo Kangrui and returned to the front line of management.