ST Yuncheng announced that the company's major asset sales in 2022 were the listing and transfer of shares in 14 target companies, constituting related transactions. The transferees were Yunnan Baifeng Enterprise Management Co., Ltd. and Kangyuan Company, a wholly-owned subsidiary of the controlling shareholder. Up to now, the company has taken back the total shares and liabilities of the 12 target companies and completed share transactions. Of these, 10 have completed industrial and commercial change registration; the remaining 4 companies, Taizhou Commercial, Hainan Tianli Development, Hangzhou Xixi, and Ningbo Fenghua, have yet to complete the industrial and commercial changes, and Hainan Tianli Development and Ningbo Fenghua have not completed the share transfers. There are no substantial new developments in this restructuring, and the company will continue to push forward with follow-up work.

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