Tongcheng Holdings: Shareholder change still pending

Changsha Tongcheng Holdings (SZSE:000419) announced that the proposed change of shareholders for its controlling entity, Tongcheng Group, has not yet been finalized. The transfer involves the uncompensated transfer of Tongcheng Group's equity from the Changsha State-owned Assets Supervision and Administration Commission (SASAC) to Changsha State-owned Capital Operation Holding Group. Approvals have been received, but the actual equity transfer is still pending. The company emphasizes that it will continue to monitor the progress and fulfill its information disclosure obligations.