Chongqing Department Store confirms equity shift as Yufu Holdings absorbs subsidiary

Chongqing Department Store Co., Ltd. announced the completion of a shareholder equity change involving Chongqing Yufu Holdings Group Co., Ltd. and Chongqing Yufu Huamao State-owned Assets Management Co., Ltd. The process, initiated on January 20, 2025, involved Chongqing Yufu Holdings absorbing Chongqing Yufu Huamao, which held 1.03% of Chongqing Department Store's equity. Following the absorption and subsequent share transfer, Chongqing Yufu Holdings has now finalized the acquisition of these shares.

This update follows previous announcements, including the notification on October 22, 2025, regarding the completion of Chongqing Yufu Huamao's deregistration. The final transfer of shares from Chongqing Yufu Huamao to Chongqing Yufu Holdings was completed on November 14, 2025.

As a result of these changes, Chongqing Department Store's controlling shareholder and actual controller remain unchanged. The company continues to operate without a single controlling shareholder or actual controller. Chongqing Yufu Holdings and Chongqing Yufu Capital Operations Group Co., Ltd. are acting in concert, jointly holding 116,062,448 shares, which represents 26.35% of the company's total share capital.