Zhong An Group Limited has announced a transaction involving the disposal of shares in its subsidiary, Zhong An Intelligent Living Service Limited. The company has entered into a Placing Agreement to place up to a maximum of 48,300,000 Zhong An Intelligent Shares, which represents approximately 9.3% of the total issued shares of Zhong An Intelligent as of the announcement date. Despite the disposal, Zhong An Intelligent will remain a subsidiary of Zhong An Group, and its financial results will continue to be consolidated into the financial statements of the Group. The completion of the transaction is contingent upon the satisfaction of certain conditions precedent outlined in the Placing Agreement.
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