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36氪 was informed that China Baoan disclosed the announcement of changes in equity, saying that before the change in equity, Chengxing Investment and Kunpeng New Industry held a total of 9.7904% of the company’s shares. After the equity change, Chengxing Investment and Kunpeng New Industry held a total of 14.7904% of the company’s shares. Both Chengxing Investment and Kunpeng New Industries are wholly-owned subsidiaries of Kunpeng Capital. Kunpeng Capital is a state-owned capital operation platform established by the Shenzhen Municipal Party Committee and Municipal Government to help the city’s industrial transformation and upgrading. Chengxing Investment and Kunpeng New Industries may conduct comprehensive research and judgment in the next 12 months based on their strategic development needs, the business development of the listed company and the trend of the secondary market, and continue to increase their shareholding in the listed company.
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