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Tianfu Culture and Tourism: The controlling shareholder plans to change to Chengdu Culture and Tourism Group
Tianfu Culture and Tourism announced that its controlling shareholder, Chengdu Sports Investment Group, intends to transfer its 385 million shares in the company (accounting for 29.90% of the total share capital) to Chengdu Culture and Tourism Group without compensation. After this transfer is completed, Chengdu Sports Investment Group will no longer hold shares in the company, and the controlling shareholder will change to Chengdu Culture and Tourism Group. The actual controller of the company will still be the Chengdu State-owned Assets Supervision and Administration Commission. This transfer still requires the registration and transfer procedures to be handled by China Securities Depository and Clearing Corporation Limited.