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Author of this article: Zhihui 2021-10-21

The cumulative number of frozen shares of Kanglv Group is 4.2.2 billion shares，Accounting for 65 of its shareholdings.89%。

Recently，*ST Yuncheng issued an announcement regarding the freezing and reconciliation of the controlling shareholder’s shares，Recently，Kanglv Group, the controlling shareholder of Yunnan Urban Investment, provides an unconditional irrevocable joint liability guarantee for the financing of its subsidiary Yunnan Urban Renewal Co., Ltd. to Pacific Asset Management Co., 188bet app Ltd.，Urban Renewal Company and Pacific Asset Management have differences in understanding of the terms of the repayment agreement and other reasons，Resulting in Pacific Asset Management applying to the Shanghai Financial Court to implement freezing measures on the Yunnan Chengtou stocks held by Kanglv Group。

The number of shares frozen in Kanglv Group this time is 4.2.2 billion shares，Accounting for 65 of its shareholdings.89%，Accounting for 26% of the total share capital of Yunnan Urban Investment.27%，The market value of this frozen share is approximately 10.2.9 billion yuan。

As of now，The cumulative number of frozen shares of Kanglv Group is 4.2.2 billion shares，Accounting for 65 of its shareholdings.89%，Accounting for 26% of the total share capital of Yunnan Urban Investment.27%。

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Yunnan City Investment Equity frozen Kanglv Group