Oriental Yuhong Plans 880 Million RMB Acquisition of Leading Chilean Building Materials Retailer

On the evening of July 31, Oriental Yuhong announced that its wholly-owned subsidiaries, Oriental Yuhong Overseas Development Company and Oriental Yuhong International Trading Company, intend to invest approximately USD 123 million (about RMB 880 million) of their own funds to acquire 100% equity of Chilean Construmart S.A. held by the counterparty.

After the completion of the transaction, Oriental Yuhong Overseas Development Company will hold 99% equity of Construmart, and Oriental Yuhong International Trading Company will hold 1% equity of Construmart. This transaction does not constitute a related-party transaction nor a major asset restructuring.

The announcement disclosed that Construmart owns approximately 31 building material supermarkets within Chile, primarily selling construction auxiliary materials, structural building materials, wood, flooring, bathroom, and kitchen products. It has now developed into a leading enterprise in the Chilean building materials retail sector.

Oriental Yuhong stated that this transaction aims to focus on the company's core position as a building materials system service provider. With the vision of "becoming the most valuable enterprise in the global building materials industry," the company plans to integrate and expand its channels. Taking the opportunity to develop the Chilean building materials market, it will continuously explore the expansion of retail channels for building materials, enhance the international channel sales capability, international influence, and brand recognition.

On the evening of the same day, Oriental Yuhong also released the summary of its 2025 semi-annual report. During the reporting period, the company achieved operating revenue of 13.569 billion yuan, a year-on-year decrease of 10.84%; net profit attributable to shareholders of the listed company was 564 million yuan, down 40.16% year-on-year. The company plans to distribute a cash dividend of 9.25 yuan (tax included) per 10 shares, with no transfer of capital reserve to share capital.