CIMC (02039) Plans to Invest Approximately RMB 293 Million to Purchase 188 Residential Units in Songshan Lake CIMC Zhihui Park, Dongguan

Stock News12-18

CIMC (02039) announced that, in line with the company's overall industrial and corporate layout in Dongguan and to meet the residential needs of its employees in the city while attracting and retaining core talent for its Dongguan-based enterprises, its wholly-owned subsidiary Shenzhen CIMC Innovation Industrial Development Co., Ltd. (referred to as "Shenzhen CIMC Innovation") intends to purchase 188 residential units in Songshan Lake CIMC Zhihui Park, Dongguan, held by Shenzhen Chenyu Investment Development Co., Ltd. (referred to as "Shenzhen Chenyu"). The transaction, primarily for employee housing, amounts to approximately RMB 293 million.

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