Shenzhen Tellum to Sell 25% Stake in Dongfeng Motor-Linked Firm

Shenzhen Tellus Holding Co Ltd is a China-based company primarily engaged in the provision of jewelry third-party services, commercial complex operations, and property leasing businesses. The Company conducts its business through four segments. The Automobile Sales segment is engaged in the sales of automobiles through 4S outlets. The Automobile Repair and Inspection segment provides automobile inspection and repair services through 4S outlets. The Rental and Service segment is engaged in the leasing of real estate and commercial properties. The Jewelry Sales and Service segment is engaged in the wholesale and retail of gold jewelry. The Company primarily conducts its business in the domestic market.