Dongfang Yuhong: The sale of assets is expected to result in an asset disposal loss of 25.8085 million yuan.
Oriental Yuhong Announcement: In order to revitalize assets, realize funds backflow, improve asset structure, optimize company financial situation, safeguard the interests of the company and all shareholders, it is proposed to sell part of the real estate acquired and held through purchase of the company and its subsidiaries. The target assets of the transaction are some shops and office buildings in Miyun District, Beijing and Jianggan District, Hangzhou. This transaction is expected to result in an asset disposal loss of 25.8085 million yuan, exceeding 10% of the audited net profit of the company in the most recent accounting year.
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