CITIC Trust indirectly acquires stakes in Yushu Technology.

On August 10, Yushu Technology's new shares began accepting subscriptions. Securities Times reporters noted that trust companies feature prominently on Yushu Technology's shareholder list. For instance, CITIC Trust and AVIC Trust have sequentially made indirect investments, while Zijin Trust and Shanghai Trust participated in offline subscription offerings. "The involvement of trust companies in Yushu Technology and Changxin Technology symbolizes the accelerating transformation of the industry from real estate to technology," said Shuai Guorang, a researcher at Use Trust, to Securities Times reporters. In the face of a market environment characterized by a decline in traditional non-standard business, trust companies leverage their institutional flexibility and cross-market allocation advantages, transforming into "patient capital" that precisely nurtures hard technology. This not only represents a proactive breakthrough in response to policy guidance but also underscores the commitment of financial services to support the real economy and promote technological self-reliance and strength.