Zhitong Finance APP News, Joy City (000031)(000031luckyzon.SZ) issued an announcement that the company plans to use Zhuoyuan Real Estate as the original equity holder and use part of the assets of Chengdu Joy City Shopping Center held by its wholly-owned subsidiary Chengdu Boyue (hereinafter referred to as "Chengdu Joy City") to carry out infrastructure. Application and issuance of public offering REITs.

Chengdu Joy City is located at No. 518 Dayue Road, Wuhou District, Chengdu City, with a shared land area of 68,747.98 square meters and a building area of 172,540.69 square meters. The main business model of Chengdu Joy City isluckyzon: Provide leasing and overall shopping center operation services to qualified tenants with self-owned shopping center assets and collect income such as rent, property management fees, and promotion fees.

The announcement stated that through the issuance of projects, the company's asset structure will be optimized, thereby improving capital turnover efficiency and return levels. The company will use net recovered funds to seize new investment opportunities, promote a virtuous cycle of the company's investment in consumer infrastructure, and achieve rapid development and business expansion of the company.

The release of this project will help enhance the brand influence of "Joy City", strengthen the company's brand image as a "urban operation and better life service provider", further consolidate the company's advantages in the commercial real estate field, and help the company's related businesses better Meet the increasing consumer needs of residents.