Yunnan Chengtou: The major asset reorganization has completed the equity transfer, but two companies have not completed the industrial and commercial changes.

Yunnan City Investment announced that, in order to optimize asset structure, the company and its subsidiaries sold the equity of 12 target companies including Cangnan Yintai, with Beijing Yintai Land Commercial Co. and Kangyuan Co. as the transferees, constituting a related party transaction. As of now, all target companies have completed the equity transfer, with 9 companies including Pingyang Yintai having completed business registration changes, while Ningbo Yintai and Beijing Fangkai have not yet completed. The company has transferred the management rights of the two companies' equities, no longer being the controlling shareholder, and will continue to advance the subsequent implementation work.