Xinjiang Winka Times DeptRelated-party property purchase for 220M yuan; improves commercial layout but raises governance concerns.

A wholly owned subsidiary of Huijia Times plans to purchase two commercial properties from related parties for a total of 220 million yuan. Fukang Huijia intends to buy part of a commercial building and a commercial street at Fukang Huijia Plaza from Fukang Huijia Real Estate, with a building area of approximately 38,600 square meters and a transaction price of about 130 million yuan. Korla Huitou intends to buy part of the Tianhu Jiayuan property from Korla Peacock Hengyu Real Estate, with a building area of approximately 20,200 square meters and a transaction price of about 90.12 million yuan. The counterparties are both companies controlled by Pan Jinhai, the actual controller of the company, making these related-party transactions. The company stated that the move aims to improve its commercial business layout and increase the proportion of self-owned properties. In the first quarter of 2026, Huijia Times achieved revenue of 760 million yuan and net profit attributable to the parent company of 64.43 million yuan.
Xinjiang Winka Times DeptRelated-party property purchase for 220M yuan; improves commercial layout but raises governance concerns.
Subsidiary buying property for 90.12M yuan; part of related-party transaction.
Subsidiary buying property for 130M yuan; part of related-party transaction.
Counterparty in related-party transaction; receives 90.12M yuan from sale.
Counterparty in related-party transaction; receives 130M yuan from sale.