GooCoo Group and Shenzhen Colorful Life Services Group have Achieved Strategic Cooperation

On December 1, Anhui GooCoo Investment Group and Shenzhen Colorful Life Services Group [HK01778] held a joint press conference hand in hand, announcing that both parties have entered into a long-term strategic partnership to promote the development of “C-House” and other projects in line with the principle of equality and mutual benefit, as well as complementary advantages.

GooCoo Group and Colorful Life Services Group have reached a long-term strategic partnership, covering several real estate projects of GooCoo Group, which will build the “C-Property” meeting the needs of regional mass consumption group through the potential analysis of technology and capital, combined with regional characteristics of the real estate industry according to local conditions (including C-shops, C-parking spot, C-apartment, C-business, etc.).

According to the report, nearly 30 financial institutions, real estate companies and third-party enterprises have involved in the “C-House” as the community welfare housing project in the era of “Internet+”. It aims to enter into the consumer house buying and selling links by integrating such resources as real estate, mortgage and community service beforehand, to share profits with buyers. Thus, buyers enjoy the high-quality property while getting rebate in cash, and their house-purchase pressure reduces.

Cooperation of GooCoo Group and Colorful Life Services Group is the alliance between two giants. GooCoo group is a comprehensive, international enterprise group engaging in intelligent manufacturing, medical education, modern finance and real estate industry. The Group had total assets of 37.8 billion yuan in 2015 and annual revenue of 18.5 billion yuan, owned the listed company SiErTe [002538], and ranked Top 50 real estate developers in China, Top 247 private enterprises in China. It is a well-known brand enterprise in the industry, with long-term credit rating AA. As No. 1 community service operator in China, Colorful Life Services Group takes the lead in the intelligence community development, and “C-House” projects launched in Huizhou, Chengdu, Changsha and other places have received good response from the market. The pattern of Colorful Life has strong market competitiveness and prospective development.

Cooperation of GooCoo Group and Colorful Life Services Group relies on Colorful Life Internet + community service platform and resources, which will further complete transition and upgrading of the real estate industry and improvement of community ecosystem services.

Yuan Qihong, Chairman of GooCoo Group, Zhang Ronghua, President of Real Estate Group, Ling Ning, Chairman of Property Management Company, and other senior leaders, Tang Xuebin, President of Colorful Life Services Group, and his top management team, as well as related media reporters attended the press conference.

Yuan Qihong, Zhang Ronghua and leaders of Colorful Life Services Group launch the cooperation ceremony.

Zhang Ronghua and Tang Xuebin, President of Colorful Life Services Group, sign the cooperation agreement.

Zhang Ronghua and Tang Xuebin, President of Colorful Life Services Group, exchange the cooperation agreement.