Yunnan City Investment: Significant progress in asset restructuring, with 5.202 billion yuan already recovered and partial completion of delivery.

Yunnan City Investment announced that the company is selling the equity of 14 subsidiaries in whole or in part through public listing, constituting related transactions. As of now, the company has received a total of approximately 5.202 billion yuan for the equity and debt of 12 target companies, and has completed the equity delivery with the final transferee. 10 companies have completed business registration changes, while 4 such as Taizhou Commercial have not yet completed. Hainan Tianli Development and Ningbo Fenghua have not completed the equity transfer. The company stated that the ownership of Taizhou Commercial and Hangzhou Xixi Equity Management has been transferred, and they are no longer controlling shareholders, and will continue to advance follow-up work.