On January 20, Huangshan Tourism (600054.SH) issued an announcement stating that the company recently received the controlling shareholder Huangshan Tourism Group Co., Ltd. (hereinafter referred to as the”Group Company”) notified the decision to change the Huangshan City The 10%state-owned equity of the group company held by the State-owned Assets Supervision and Administration Commission of the State-owned Assets Supervision and Administration Commission of Huangshan City was transferred to the Anhui Provincial Department of Finance for free to replenish the social security fund. And entrusted Anhui State-owned Capital Operation Holding Group Co., Ltd. (undertaker) special account management. The free transfer of state-owned equity will take December 31, 2019 as the transfer base date.

Before this free transfer, Huangshan State-owned Assets Supervision and Administration Commission held 100.00%of the shares of the group company and was the actual controller of the company. The group company holds 40.66%of the company’s shares and is the company’s controlling shareholder. After this free transfer, the State-owned Assets Supervision and Administration Commission of Huangshan City holds 90.00%of the shares of the group company, the Anhui Provincial Department of Finance holds 10.00%of the shares of the group company, and the group company still holds 40.66%of the company’s shares. It is the controlling shareholder of the company, and the state-owned assets of Huangshan City Appointed as the actual controller of the company. The gratuitous transfer will not cause changes in the company’s controlling shareholders and actual controllers. (*Article source:New Travel World)

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getUrls?link=fa220363e815ab33f2bf8d7e98e96ca8 - Huangshan Tourism:10%state-owned equity of the controlling shareholder intends to be transferred free of charge to enrich the social security fund