Bank of Chongqing has issued an update on the changes in shareholder equity, confirming the completion of the previously disclosed share transfer registrations.

The notification states that, following approval from the Chongqing State-owned Assets Supervision and Administration Commission, a group of six entities has transferred their entire holdings in the bank to Chongqing Development Asset Management Co., Ltd.

The transferring shareholders include Chongqing United Assets and Equity Exchange Group Co., Ltd., Southwest Securities Co., Ltd., Chongqing Light Textile Asset Management Co., Ltd., Chongqing Machinery & Electronics Holding (Group) Co., Chongqing Agricultural Investment Asset Management Co., Ltd., and Chongqing Furniture Corporation.

With the completion of these transfers, the composition of Chongqing Yufu Capital Operation Group Co., Ltd. and its concert parties has been altered.

Consequently, the aforementioned six shareholders are no longer considered acting in concert with Yufu Capital.

Bank of Chongqing has recently received formal notification from Yufu Capital confirming the completion of the share transfer registration process.