BRIEF-Shanghai Jin Jiang International says company entered into asset and equity transaction contract

April 5 (Reuters) - Shanghai Jin Jiang International Hotels

Group Co Ltd :

* Co and Jin Jiang Capital (as transferors) and Wehotel (as

transferee) entered into asset and equity transaction contract

* Co and Jin Jiang Capital to transfer 100% equity interests

in hubs1 held by them to wehotel for consideration of RMB553.1

million

* Equity transaction contract in respect of transfer of 100%

equity interests in hubs1

* Co expects to recognise a gain of approximately RMB55.3

million from transaction

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