Flj group limited announces disposal of long-term apartment rental business

Shanghai, china, oct. 31, 2023 (globe newswire) -- flj group limited (nasdaq: flj) (“flj” or the “company”), announced that it entered into an equity transfer agreement on october 31, 2023 to sell all of its equity interest in its indirectly wholly-owned subsidiary haoju (shanghai) artificial intelligence technology co., ltd. ( the “wfoe”), a limited company incorporated under the laws of prc, to wangxiancai limited, a limited company incorporated under the laws of hong kong, for nominal consideration (the “disposal”). the disposal was completed on the same date. through the wfoe and the wfoe's subsidiaries, the company carried out its long-term apartment rental business (the “disposed business”). the disposed business contributed substantially all revenue and held substantially all of the assets of the company prior to the disposal. certain key management of the company will stay after the disposal.
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