Evening of September 13th，Evergrande Automobile (00708.HK）Announcement，On September 11, the company’s indirect subsidiaries Guangzhou Hengze and Jialize 188bet game signed the Evergrande Hengkang Share Transfer Agreement and the Jialize Share Transfer Agreement with Jinbi Property respectively，The total consideration is approximately 47.54 million yuan。

According to announcement，Jinbi Property spent about 4685.670,000 yuan to purchase the entire equity of Guangzhou Hengze，The consideration refers to the net asset valuation of 188bet game Hengkang on June 30, 4685.priced after 670,000 yuan，The amount will be paid in cash by Jinbi Property to Guangzhou Hengze before September 20th。

Also，Display the agreement signed between Jialize 188bet game and Jinbi Property，Jinbi Property will pay 68 in cash before December 31st.440,000 yuan paid to Jialize 188bet game。

Data display，Guangzhou Hengze is a wholly-owned subsidiary of 188bet game Automobile，Mainly engaged in health care services、Health management and consulting services、Elderly Care Industry、Community home care service business、Hospital Management、Beauty services and nursing services, etc.。

Jialize 188bet game is an indirect subsidiary of Evergrande Motors with an 80% stake，Mainly engaged in 188bet game project development and hotel operations，Did not operate any business before 2019。As of June 30，The company has an after-tax loss of 21.610,000 yuan。

After the sale is completed，188bet game Hengkang and Jialize Property are respectively known as indirect subsidiaries of China 188bet game，188bet game Automobile will pool resources，Committed to developing vehicle manufacturing business，Fully promote the research and development of Hengchi products，Comprehensive coverage of the new energy vehicle market。

Jinbi Property is an indirect subsidiary of China 188bet game，Mainly engaged in property management services for residential properties and other properties (including commercial properties)，Including housekeeper、Order、Cleaning and Greening、Maintenance and parking lot management；Providing value-added services to non-property owners，Includes pre-delivery services (site management、Model house and sales office services、Planning and consulting services, etc.)、Parking space cooperative sales、Clean before delivery、Pre-delivery acceptance service、Maintenance services during the warranty period, etc.；Providing value-added services to property owners and residents，Including community asset operations、Park space management service、Community management and innovative services、Community life and other services, etc.。

China 188bet game (03333.HK) announced on July 31，The company is considering the possibility of spinning off property management services and related value-added service businesses to be independently listed on the Hong Kong Stock Exchange。July 30，There is news in the market，188bet game wants to spin off its property management business and list it，Planned to raise US billion。But for this，Hengda has no definite response。

Evening of August 13th，China 188bet game announced the introduction of strategic investors for 188bet game Property。According to the announcement，There are 14 strategic investors this time，Including Xia Haijun, Chairman of the Board of Directors of 188bet game Group、CITIC Capital、Tencent Holdings、Chow Tai Fook、Alibaba’s Yunfeng Fund, etc.，A total of approximately HK.5 billion。

Xia Haijun mentioned it at the China 188bet game 2020 Semi-annual Report Performance Meeting，The listing of 188bet game’s spin-off properties can effectively reduce 188bet game’s net debt ratio。

Xia Haijun said at the time，“In the past year or two, I have begun to study how to maximize the value of the property，The current scale is similar to Country Garden，Valuation is 75 billion yuan after introducing strategic investment，We finished it in a week，After operating through the capital market，The listing work has been officially launched，I hope it will be completed this year as soon as possible。188bet game’s property management is currently the largest real estate company in China，Property management is also a thinking point for strategic transformation。”

Jinbi 188bet game is currently valued at 75 billion yuan，Introduced strategic investors 23.5 billion yuan，The strategic investor’s shareholding ratio is 28.061%，The contract area exceeds 500 million square meters，The tube area exceeds 2.500 million square meters，2019 revenue of 7.3 billion yuan，Net profit 9.200 million yuan。

*Source of this 188bet game：The Paper,Author: Li Xiaoqing, original title: "Evergrande Automobile: Plans to transfer equity interests in two of its property and 188bet game companies to the parent company》.