800jilicom| Joy City: Plans to apply for the issuance of infrastructure public offering REITs

China Securities Network (Reporter Dong Tian) Joy City announced on the evening of May 24 that the company plans to use Zhuoyuan Real Estate as the original equity holder and hold it by its wholly-owned subsidiary Chengdu Boyue800jilicomSome of the assets of Chengdu Joy City Shopping Center (referred to as "Chengdu Joy City") carry out the application and issuance of infrastructure public offering REITs.

The Chengdu Joy City project opened at the end of 2015. The occupancy rate has remained above 96% in the past three years, and sales will be 25% in 2023.800jilicom.400 million yuan.

The company stated that if this application and issuance are successful, it will help the company's business achieve high-quality development and enhance the company's sustainable operation capabilities. After the project is issued, the company's asset structure will be optimized, thereby improving capital turnover efficiency and return level; the company will use net recovered funds to grasp new opportunities.800jilicomInvestment opportunities will promote a virtuous cycle of the company's investment in consumer infrastructure and achieve rapid development and business expansion of the company.