Gelonghui, March 4 | Jin Jiang Hotel (600754.SH) announced that the company recently received the “Letter of Commitment from Shanghai Jinjiang Capital Co., Ltd. not to voluntarily reduce the shares of Shanghai Jin Jiang International Hotel Co., Ltd.” issued by the controlling shareholder Shanghai Jinjiang Capital Co., Ltd. (hereinafter referred to as “Jinjiang Capital”). The relevant information is now announced as follows:
For the 12 months from March 5, 2024 to March 4, 2025, Jinjiang Capital 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 Jinjiang Capital violates its promise to reduce its Jinjiang Hotel shares, all proceeds from reducing its holdings of Jinjiang Hotel shares will be owned by Jinjiang Hotel.