Shanghai Sanmao (600689): Moderate Rent Reduction For Eligible SME Tenants

Shanghai Sanmao (600689) announcement: in order to jointly cope with the epidemic situation and actively fulfill its social responsibilities, the company has studied and formulated the implementation plan of the Shanghai enterprises' (Group) Limited by Share Ltd asset class operating room due to the new crown pneumonia epidemic reduction rent according to the spirit of the relevant documents of Shanghai and Chongqing municipal governments and the actual situation of the company. Tenants' moderate rent reduction to relieve tenants' operating pressure, and small and medium enterprises tenants to overcome difficulties, and tide over difficulties. After preliminary calculation, it is estimated that the impact of the rent reduction on the company's 2020 annual revenue is about RMB. Eighty-six point two seven 000 yuan, accounting for approximately 2019 of audited operating income. 0.06% The impact on the company's net profit in 2020 is about RMB. Eighty-five point two eight 000 yuan, accounting for about 2019 audited attributable to shareholders of listed companies net profit. 10.40% 。