Dongfang Yuhong Completes 100% Equity Transfer of Construmart in Chile

Oriental Yuhong (002271) recently announced that the transaction for acquiring 100% equity of Chile's Construmart S.A. has been fully completed, marking the official establishment of the company's international building materials retail channel layout.

According to the announcement, two subsidiaries of the company have obtained the relevant documents for overseas investment issued by the Shanghai Development and Reform Commission and the Commerce Commission through compliance approval, and have completed the foreign exchange registration procedures. In terms of fund payment, an amount of 113 million USD has been paid to the seller's designated account as per the agreement, along with a 10 million USD escrow deposit to the Chilean escrow account (which will be paid after deducting any non-permitted losses from the lockbox date to the delivery date, upon the expiration of the claim period).

On October 13, 2025, the parties involved signed a share transfer agreement. A subsidiary of Dongfang Yuhong obtained the stock certificate, and Construmart completed the update of its shareholder register and the re-election of its board of directors. The final shareholding structure will be that Dongfang Yuhong Overseas Development Company will hold 99% of Construmart's shares, while Dongfang Yuhong International Trade Company will hold 1% of Construmart's shares.

The announcement states that this transaction falls within the purview of the board of directors' decision-making and does not involve related party transactions or major asset restructuring.

After the completion of this delivery, Dongfang Yuhong will leverage Construmart's local channel resources to further expand the South American building materials retail market, promoting the substantial implementation of its internationalization strategy.