Pudong Jinqiao announced that Jinqiao Group plans to transfer the company's 56,008,403 A-share shares to the Pudong New Area State-owned Assets Administration Commission free of charge. The latter will then transfer these shares to Pudong Capital through a private agreement as a non-monetary investment. This change in equity will not result in a change in the controlling shareholder or actual controller of the company. The controlling shareholder is still Jinqiao Group, and the actual controller is still the Pudong New Area State-owned Assets Administration Commission. This change in rights still requires multiple formalities, and there is uncertainty about whether and when it will be completed.

Pudong Jinqiao announced that Jinqiao Group plans to transfer the company's 56,008,403 A-share shares to the Pudong New Area State-owned Assets Administration Commission free of charge. The latter will then transfer these shares to Pudong Capital through a private agreement as a non-monetary investment. This change in equity will not result in a change in the controlling shareholder or actual controller of the company. The controlling shareholder is still Jinqiao Group, and the actual controller is still the Pudong New Area State-owned Assets Administration Commission. This change in rights still requires multiple formalities, and there is uncertainty about whether and when it will be completed.