Yatai Group plans to sell major assets

Recently, Yatai Group issued the Announcement on the Progress of Planning for the Sale of Major Assets and Related Transactions, saying that the company is planning to sell 20.81% of its shares in Northeast Securities Co., Ltd. to Changchun City Development Investment Holding (Group) Co., Ltd. It intends to sell 9% of its shares in Northeast Securities to Changchun Financial Holding Group Co., Ltd. or its designated subsidiaries.

Up to now, the company has continued to communicate and negotiate with relevant parties on this major asset sale, and actively promoted due diligence and other related work. The transaction plan still needs further demonstration and negotiation, and the future progress will strictly fulfill the decision-making approval procedures and information disclosure obligations in accordance with relevant laws and regulations.