Guangzhou Lingnan Group Holdings announced that the company's controlling shareholder has changed from Guangzhou Lingnan International Conglomerates Co., Ltd. (referred to as "Lingnan International") to Guangzhou Lingnan Business Travel Investment Group Co., Ltd. (referred to as "Lingnan Group"). This transfer of state-owned equity will not result in a change of the company's actual controller. The transfer has completed the registration procedures, with the transfer date being November 13, 2024, and the shares being of an unlimited circulation nature. After this transfer, Lingnan Group directly holds 45.12% of the company's shares, becoming the controlling shareholder, while Lingnan International no longer holds any shares in the company, directly or indirectly. The company's actual controller remains the State-owned Assets Supervision and Administration Commission of Guangzhou City.