ST Yuncheng announced that the company sold shares in a number of subsidiaries through public listing. Up to now, all of the shares and claims of 12 target companies, including Kunming Chenghai, have been recovered, totaling about 5.202 billion yuan, and share transactions have been completed with the transferee. Of these, 10 companies have completed the registration of industrial and commercial changes. The remaining 4 companies, including Taizhou Commercial, have yet to complete the industrial and commercial change registration. Among them, Hainan Tianli Development and Ningbo Fenghua have not completed share transactions. The company has transferred the equity management rights of Taizhou Commercial and Hangzhou Xixi to the transferee and is no longer a controlling shareholder. The company will continue to push forward with subsequent implementation work.

ST Yuncheng announced that the company sold shares in a number of subsidiaries through public listing. Up to now, all of the shares and claims of 12 target companies, including Kunming Chenghai, have been recovered, totaling about 5.202 billion yuan, and share transactions have been completed with the transferee. Of these, 10 companies have completed the registration of industrial and commercial changes. The remaining 4 companies, including Taizhou Commercial, have yet to complete the industrial and commercial change registration. Among them, Hainan Tianli Development and Ningbo Fenghua have not completed share transactions. The company has transferred the equity management rights of Taizhou Commercial and Hangzhou Xixi to the transferee and is no longer a controlling shareholder. The company will continue to push forward with subsequent implementation work.