JXR(01951) suggests launching an asset-backed securities program on the Shanghai Stock Exchange.

JXR (01951) Announcement: The company is considering launching an asset-backed securities plan (ABS plan), involving the issuance of a single category of securities (ABS) based on the related assets of its subsidiary Shenzhen Hengyu Lianxiang Investment and Development Co., Ltd. (Hengyu). These related assets primarily include the real estate buildings currently owned by Hengyu, located in the Futian District of Shenzhen, China, currently occupied by the Group's Shenzhen Zhongshan Hospital. According to the plan, the ABS will be traded on the Shanghai Stock Exchange (proposed trading). If the proposed trading goes smoothly, it is expected to significantly reduce the company's existing leverage ratio and optimize its capital structure and asset quality. If the company proceeds with the proposed trading, according to Rule 14.29 of the Stock Exchange of Hong Kong Limited Securities Listing Rules (Listing Rules), the transaction may be deemed as a sale of Hengyu. The company will timely apply for relevant approvals from regulatory authorities (including but not limited to the China Securities Regulatory Commission, Shanghai Stock Exchange, and Stock Exchange of Hong Kong Limited) regarding the proposed trading. As of the date of this announcement, the details and terms of the proposed trading have not been finalized.