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Tianfu Cultural Tourism: The controlling shareholder signs an agreement for the gratuitous transfer of equity
People’s Financial News, March 11 — Tianfu Cultural Tourism (000558) announced on March 11 that its controlling shareholder, Chengdu Sports Industry Investment Group Co., Ltd. (referred to as “Chengdu Sports Investment Group”), plans to transfer 385 million shares it holds in the company (accounting for 29.9% of the total share capital) free of charge to Chengdu Cultural Tourism Development Group Co., Ltd. (referred to as “Chengdu Cultural Tourism Group”). Currently, Chengdu Sports Investment Group and Chengdu Cultural Tourism Group have signed an agreement regarding this transfer, and the subsequent registration and transfer procedures will be handled by China Securities Depository and Clearing Corporation Limited. After this transfer is completed, Chengdu Sports Investment Group will no longer hold shares in the company, and the company’s controlling shareholder will change to Chengdu Cultural Tourism Group. The company’s actual controller remains unchanged, still under the Chengdu Municipal State-owned Assets Supervision and Administration Commission.