Qinjiang Culture and Tourism: 4.06% of the shares held by the controlling shareholder are being auctioned.

Qujiang Culture and Tourism Group announced that the 10.35 million shares held by the controlling shareholder, Tourism Investment Group, were successfully bid for by Xi'an Qujiang Cultural Financial Holdings Co., Ltd. in a judicial auction at the Yanta District People's Court in Xi'an. The successful bidder, Qujiang Financial Holdings, is controlled by the actual controller of the company with a 80.05% stake, and the indirect shareholder Qujiang Culture Holdings holds a 19.95% stake, forming a concerted action group. After the equity transfer, Tourism Investment Group's stake will be 34.48% and Qujiang Financial Holdings' stake will be 4.06%. The subsequent procedures, such as payment of the remaining amount by Qujiang Financial Holdings and the equity transfer, will be determined by the court ruling.