Stock Code: 002305 Stock Abbreviation: *ST Nanguo Announcement No.: 2026-023
Nanguo Real Estate Co., Ltd.
Announcement on the Reclassification of Part of the Company's Real Estate to Investment Property
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
Nanguo Real Estate Co., Ltd. (hereinafter referred to as the "Company") held the Fourth Meeting of the Seventh Board of Directors on April 27, 2026, and reviewed and approved the "Proposal on Reclassifying Part of the Company's Real Estate to Investment Property." The specific matters are as follows:
I. Specifics of the Reclassification of Part of the Company's Real Estate to Investment Property
The underground commercial parking spaces of Chengdu-Panyue Mall · City Plaza, held by the Company's控股 subsidiary Chengdu Nanguo Housing Leasing Co., Ltd., are located at Zhaojue Temple South Road, Chenghua District, Chengdu. They were purchased in August 2023, with the land use rights expiring on January 29, 2055. The construction area is 28,740.65 square meters, comprising 740 parking spaces. As of March 31, 2026, the net book value of these parking spaces totaled approximately RMB 20.0453 million, and they are currently leased out.
Due to a change in holding purpose, in accordance with the requirements of the enterprise accounting standards, the Company will reclassify this portion of assets from inventory to investment property. Initial measurement will still be based on cost, subsequent measurement will adopt the cost model, and depreciation will be recognized using the same method as for fixed assets.