On May 21, 2026, Qujiang Commercial Management, an indirect wholly-owned subsidiary of CENTURY GINWA acting as the seller, entered into an agreement with the buyer, Xi'an Qujiang Financial Holding Asset Operation Management Co., Ltd., and the target company, Xi'an Yixin Property Management Co., Ltd. Pursuant to the agreement, (i) Qujiang Commercial Management has conditionally agreed to sell, and the buyer has conditionally agreed to acquire, a 100% equity interest in the target company; and (ii) Qujiang Commercial Management has also conditionally agreed to transfer, and the buyer has conditionally agreed to assume, the target creditor's rights. The total consideration is RMB 762 million, payable in cash by the buyer, subject to approval by shareholders at an extraordinary general meeting.

The target company is primarily engaged in the management of self-owned properties, provision of related supporting services, and real estate consulting services. The target creditor's rights refer to inter-company payables totaling RMB 100.7 million owed by the target company to Qujiang Commercial Management as of the creditor's rights assessment reference date of March 31, 2026. The land use rights for the property belong to the target company, while the property itself is operated as a department store (CENTURY GINWA Bell Tower Store) by another subsidiary of Qujiang Commercial Management under a lease arrangement.

Upon completion of the transaction, the target company will cease to be a subsidiary of CENTURY GINWA. Consequently, its financial performance, assets, and liabilities will no longer be consolidated into the group's financial statements.

Amid the overall macroeconomic downturn and the complex, volatile market environment, the company has been seeking to lease or sell the property in its entirety to proactively address the situation and improve liquidity. However, given that the property has been developed and operated for many years, its facilities and equipment have aged. Renovation and upgrades would require a substantial capital investment. Following careful assessment and comprehensive consideration by the board of directors, the sale of the property is deemed the most appropriate strategic decision at present.

To secure the best possible transaction terms, the company engaged in preliminary discussions with several potential buyers. The buyer was the only party that, after a serious evaluation of the property's condition and its potential for future development, explicitly expressed willingness and presented attractive terms for acquiring both the target company and the property.

After the completion of the sale, the company will separately decide whether to implement a leaseback arrangement for the property and continue its operation, based on the commercial terms offered by the buyer and open market bidding conditions, and will complete any necessary compliance procedures as applicable.