Yunnan City Investment major asset sale: Most targets have completed delivery, while some are pending industrial and commercial changes

Yunnan Chengtou Real Estate Co., Ltd. announced the progress of its major asset restructuring. The company and its subsidiaries are selling equity in multiple companies, constituting related party transactions. Since April 2020, relevant proposals have been gradually approved, and the company has responded to the Shanghai Stock Exchange's review comments. As of now, all major asset sale target companies have completed equity delivery, with 9 companies including Pingyang Intime completing industrial and commercial change registrations, while Ningbo Intime and Beijing Fangkai have not yet completed due to reasons related to other shareholders. The company has transferred equity management rights and is no longer the controlling shareholder of these two companies. The company will promote subsequent work, disclose information as required, and remind investors to pay attention to risks