Jin Jiang Hotels plans to transfer its entire direct and indirect 100% stake in Shanghai Jin Jiang International Food and Catering Management Company to its related party, Shanghai Jin Jiang City Services Company, for 24.67 million yuan. Jin Jiang City Services is wholly owned by Jin Jiang International Holdings Company, the indirect controlling shareholder of Jin Jiang Hotels, making this a related-party transaction. The company expects the deal to generate a pre-tax gain of about 13 million yuan. After completion, it will no longer hold any equity in Jin Jiang Food, and Jin Jiang Food will no longer be included in the consolidated financial statements. In the first quarter of 2026, Jin Jiang Hotels reported revenue of 3.121 billion yuan and net profit attributable to the parent of 137 million yuan.
Shanghai Jin Jiang International Hotels Development Co Ltd ADisposal of stake generates pre-tax gain of about 13 million yuan.
