Zhongzhou Holdings (000042.SZ): Subsidiary Plans to Acquire 60% Equity of Zhongzhou Long Business Real Estate and Subscribe for Corresponding Share of 60% Equity While Acquiring Corresponding Debt Rights

Gelonghui, March 10 — Zhongzhou Holdings (000042.SZ) announced that, based on the company’s production and operation needs, its wholly owned subsidiary, Shenzhen Zhongzhou Zhouhui Investment Co., Ltd. (referred to as “Zhouhui,” “Party B,” or “the Buyer”), has signed a Letter of Intent to acquire. The agreement involves Tianjin Xinlong Enterprise Management Partnership (Limited Partnership) (referred to as “Party A1”), Shenzhen Junda Management Consulting Co., Ltd. (referred to as “Party A2”), Shenzhen Xin Honglong Real Estate Investment Co., Ltd. (referred to as “Party A3” or “Transferor 1”), Shenzhen Zhongzhou Urban Development Co., Ltd. (referred to as “Party A4” or “Transferor 2”), Shenzhen Qianhai Juncheng Investment Co., Ltd. (referred to as “Party A5” or “Transferor 3”), and Shenzhen Zhongzhou Longshang Real Estate Co., Ltd. (referred to as “Project Company”). Zhouhui intends to acquire 60% equity interest and related debt of the Project Company held by Transferor in Party A1, as detailed below: ① To acquire 40% equity interest and related debt held by Party A4 and Party A5 in the Project Company; ② To acquire 20% equity interest and related debt held by Party A3 in the Project Company. After the acquisition, Party B will hold 60% equity interest, related equity interest, and debt of the Project Company in Party A1. Among them, Party A4 and Party A5 are related parties of the company, and this transaction constitutes a related-party transaction.