Yuyuan Tourist Mart's major shareholder adjusts pledged holdings

Shanghai Yuyuan Tourist Mart Group announced that its controlling shareholder, Shanghai Fosun High-Tech (Group) Co. Ltd. (Fosun High-Tech), through its subsidiary Shanghai Forte Investment Management Co. Ltd. (Forte Investment), released 32.33m shares from pledge, representing 3.16% of Forte Investment's holdings and 0.83% of the company's total share capital. Simultaneously, Forte Investment pledged 29.35m shares, equivalent to 2.87% of its holdings and 0.75% of the company’s total share capital, to Chongqing International Trust Co. Ltd. to repay loans.

Following these transactions, Forte Investment's cumulative pledged shares amount to 460.75m, representing 45.02% of its total holdings and 11.82% of Yuyuan Tourist Mart's total share capital. Fosun High-Tech and its concerted parties collectively hold 2.41bn shares, or 61.84% of the company’s total share capital. Their cumulative pledged shares now total 1.56bn, which is 64.64% of their collective holdings.

Fosun High-Tech and its concerted parties have future pledges maturing within six months totaling 429.6m shares (17.83% of their holdings, 11.02% of total share capital, with a financing balance of 1.69bn yuan) and within one year totaling 650.9m shares (27.01% of their holdings, 16.70% of total share capital, with a financing balance of 2.25bn yuan). The company confirmed that these pledges do not involve non-operating funds, illegal guarantees, or other infringements, and will not impact operations or control.