DeCai Co., Ltd.: Plans to sell a residential real estate property and three warehouse properties to director Ye He, with a transaction amount of 22.9278 million yuan.

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DeCai Co., Ltd. announced that the company plans to sell a residential property (including one underground parking space) and three storage rooms located at No. 3 Zhonghui Road, Fengtai District, Beijing, Yuyue Jiayuan Community, to its director Ye He. The transaction amount is 22.9278 million yuan. This transaction constitutes an associated transaction but does not constitute a major asset restructuring. The transaction has been approved by the company’s board of directors and does not require shareholder approval. In the past 12 months, the company has conducted related-party transactions totaling 2.498 million yuan with the same related party. This transaction is beneficial for the company to further optimize its asset structure and improve asset utilization efficiency, with minimal impact on the company’s financial condition and operating results.

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