XINJI SHAXI (03603) Successfully Wins Bid for Property Lease

Stock News

Dec 24, 2025

XINJI SHAXI (03603) announced that its wholly-owned subsidiary, Guangzhou Shaxi International Hotel Supplies City Co., Ltd., has been awarded the bid in a tender process held on December 17, 2025. The final winning bid price for the properties is RMB 3.6218 million per month (equivalent to the reserve price). As disclosed in the circular, the payment will be funded through the group's internal resources. The lease agreement is expected to be signed on a business day between December 25 and December 31, 2025. The group will continue operating its second-largest mall, the XINJI Haotai Hotel Supplies City, through these properties.

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The final winning bid price for the properties is RMB 3.6218 million per month (equivalent to the reserve price). As disclosed in the circular, the payment will be funded through the group's internal resources. The lease agreement is expected to be signed on a business day between December 25 and December 31, 2025. 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