Yunnan City Construction Investment Group's major asset sale: most of the targets have completed delivery, with some still pending business registration changes.

Yunnan City Investment Real Estate Co., Ltd. announced progress in a major asset restructuring. The company and its subsidiaries have sold equity in multiple companies, constituting related party transactions. Since April 2020, related proposals have been successively reviewed and approved, with the company responding to the Shanghai Stock Exchange's review comments. As of now, all the target companies for the major asset sales have completed equity delivery, with 9 companies including Pingyang Yintai completing industrial and commercial registration changes, and Ningbo Yintai and Beijing Fangkai 2 companies have not yet completed due to reasons such as other shareholders. The company has transferred ownership of the equity and is no longer the controlling shareholder of these two companies. The company will continue to advance follow-up work, disclose information as required, and remind investors to pay attention to risks.