Nanfang Shares (600250): To Abandon South Thailand Exhibition, The Same Proportion Of Capital Increase Of 11 Million 910 Thousand Yuan Will Be Diluted To 48.3046%

600250.SH announced that according to the relevant documents of the state owned assets supervision and Administration Commission (SASAC) to supervise the state-owned capital operation budget of the company, the company's controlling shareholder Tourism Group intends to increase its capital to Nanjing Nantai International Exhibition Center Co., Ltd. (hereinafter referred to as the South Thailand exhibition) by 12 million 400 thousand yuan, which is mainly used for the "Nanjing International Exhibition Center reconstruction and expansion project".

Tourism groups and companies hold 51% and 49% stake in the southern Thailand exhibition respectively. As a shareholder of the southern Thailand exhibition, the company decided to give up the same proportion of the South Thailand exhibition by about 11 million 910 thousand yuan. The expansion of the Thailand South capital market was based on the value of the shareholders' assessment of all shareholders in September 30, 2019. After the completion of the capital increase, the company's shareholding ratio for the southern Thailand exhibition fell to 48.3046%. 861 million

"Nanjing International Exhibition Center renovation and expansion project" is located in the Nanjing International Exhibition Center East Plaza underground and ground, composed of two parts, the sunken commercial block and the ground landscape leisure center, will be constructed as a commercial landscape block on the ground and underground.