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Jingvest Development: Plans to Transfer Real Estate Development Business Assets and Liabilities to Controlling Shareholder; Expected to Constitute Major Asset Reorganization
JingTou Development Announcement: The company plans to transfer assets and liabilities related to its real estate development business to its controlling shareholder, JingTou Company, through cash payment. This transaction does not involve issuing shares, will not affect the company’s equity structure, and will not result in a change of the company’s controlling shareholder. This matter is expected to constitute a major asset restructuring.