* ST Songdu: Hangzhou Yuandu, a wholly owned subsidiary, plans to transfer its 22.31% stake in Zhengcheng Business.

[* ST Songdu: wholly-owned subsidiary Hangzhou Yuandu plans to transfer its 22.31% stake in Zhengcheng Commercial Co., Ltd.] ST Song du announced that Hangzhou Yuandu Enterprise Management Co., Ltd., a wholly-owned subsidiary, intends to transfer its 22.31% stake in Hangzhou Zhencheng Business Management Development Co., Ltd. by public listing on the Hangzhou property right Exchange, with a listing price of no less than 120 million yuan in principle.