Gelonghui, February 19, Wangfujing (600859.SH) announced that, based on confidence in Wangfujing's future development prospects and reasonable judgment on the company's value, in order to promote the company's sustainable, stable and healthy development, support the company's future strategic planning, effectively safeguard the interests of investors, and promote the rational return of the company's internal values, the controlling shareholder First Travel Group promised all investors:
For the 12 months from February 19, 2024 to February 18, 2025, First Travel Group will not reduce its direct holdings of the company's shares in any way. Shares that were increased during the above commitment period due to share transfers, capital transfers from the Provident Fund, allotment of shares, etc. also complied with the aforementioned no-reduction commitment. During the above commitment period, if First Travel Group breaches the promise to reduce the company's shares, all proceeds from reducing the company's shares will be owned by the company.