NetEase Finance May 19 Evening Hagoco, the new lake in Bao both issued a notice, the two companies holding shareholders in Zhejiang New Lake Group, in order to avoid holding enterprises may exist among the competition issues, in particular issued the "avoidance of peer competition commitment letter." New Lake Group Commitment, the new lake in China to engage in residential real estate development and sales, ha Gao will no longer add residential real estate projects, in the existing residential real estate projects completed development and sales, ha Gao will no longer be engaged in domestic real estate development and sales in China. New Lake Group, said that in the actual control of the new lake in the treasure and Ha Gao, will use its own actual control of the new lake and Hagoco status, directly or indirectly exercise shareholder rights, to promote the new lake and Harbin Hi-tech business development in line with the requirements to avoid competition. In violation of the above commitments, the new Lakes group will be the new lake in the loss caused by the full, timely and full compensation.
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