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Red Flag Chain: Business Investment acquires 5.18% of the company's shares
Hongqi Chain Announcement: Sichuan Commercial Investment Co., Ltd. has signed a share transfer agreement with Cao Shiru and Cao Zengjun. According to the agreement, Cao Shiru and Cao Zengjun will transfer a total of 70.4438 million freely tradable non-restricted shares (accounting for 5.18% of the total share capital) to Commercial Investment. After the transfer, Commercial Investment’s shareholding will increase from 16.91% to 22.09%. Following this equity change, the company’s controlling shareholder remains Commercial Investment, and the actual controlling entity remains the State-owned Assets Supervision and Administration Commission of Sichuan Province.