000609SZSE
🚨 Material Event

Notice on the Judicial Auction of Land by Chongqing Zhongmei Heng Real Estate Co., Ltd., a Wholly-Owned Subsidiary of Zhongdi Investment

*ST Zhongdi Co., Ltd.··5 pages

✨ AI Summary

Zhongdi Investment announces that its wholly-owned subsidiary, Chongqing Zhongmei Heng Real Estate Co., Ltd., will have a plot of land auctioned judicially from July 2 to July 3, 2026, starting at a price of 622,518,960 yuan. The auction is a result of a construction contract dispute with China State Construction Engineering Corporation. The outcome may affect the company's total assets and net assets, with potential adverse impacts on future profits.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Beijing Zhongdi Investment Co., Ltd. and all members of the board guarantee that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Special Risk Warning:

  1. On June 3, 2026, Beijing Zhongdi Investment Co., Ltd. (hereinafter referred to as "the Company") learned that the Chongqing First Intermediate People's Court will auction the land and buildings of its wholly-owned subsidiary, Chongqing Zhongmei Heng Real Estate Co., Ltd. (hereinafter referred to as "Zhongmei Heng Real Estate"), located at Plot C35-1-1/05 in the Renhe area of the Northern New District of Chongqing, from 10:00 on July 2, 2026, to 10:00 on July 3, 2026 (24 hours, excluding delays). The starting price for this judicial auction is 622,518,960 yuan.
  2. As of the end of 2025, the Company's net assets were -274,735,300 yuan, and the book value of the auctioned property is 752,533,800 yuan. If the auction concludes at the starting price, the Company's debt will decrease, but it will also lead to a decline in total assets and net assets, adversely affecting future profits.
  3. This judicial auction is still in the public announcement stage. According to relevant regulations, the court has the right to suspend or withdraw the auction before or during the auction process. Subsequent stages may involve bidding (or failure to sell), payment, and transfer of ownership, and the auction results are uncertain. The Company will closely monitor the progress of this matter and fulfill its information disclosure obligations in a timely manner according to laws and regulations, urging investors to pay attention to risks.

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