Zitong Financial App News, Xinhua Department Store (600785.SH) issued an announcement that the company recently received an email notice from Shanghai Baoyin Chuangwin Investment Management Co., Ltd. (hereinafter referred to as "Shanghai Baoyin"), which has the most Buffett potential hedge fund clearing team. It is suggested that Tianfeng Securities Co., Ltd. has begun to implement the Wuhan Intermediate people's Court's notice of Assistance in execution ([2023] 01 No. 4) to start the disposal of a total of 27.4687 million shares in the credit securities account (account number: E043554276) of the private equity fund "Shanghai Baoyin's most Buffett potential hedge Fund Phase 3". The position will be closed through bulk trading and the disposal amount will be deducted to the court account.
Tianfeng Securities Co., Ltd. has reduced its holdings by a total of 2.8 million shares on 29 June 2023 and 30 June 2023 in accordance with the notice of Court Assistance in Enforcement, accounting for approximately 1.24% of the total shares of the company. Tianfeng Securities Co., Ltd. since the implementation of block trading on June 13, 2023, including this announcement, has sold a total of 13.8 million shares (about 6.12% of the company's total shares) from the credit securities account of "Shanghai Baoyin's most Buffett potential hedge Fund Phase 3".