Vanfund Urban Investment & Development announced that the company held its 66th meeting of the 9th Board of Directors on December 11, 2024, where it approved the proposal regarding the progress of the sale of its wholly-owned subsidiary and the signing of the . The company signed the "Supplementary Agreement Three to Equity Transfer Agreement" with Peking Tianyuan and Peking Baiyu, where Peking Baiyu will pay the remaining Equity Transfer amount of 12.3 million yuan to the company by December 31, 2025. As of the announcement date, Peking Baiyu has paid a total of 77.7 million yuan for the Equity Transfer, and the remaining 12.3 million yuan has not yet been paid. The company has transferred its 86.3333% stake in Peking Tianyuan to Peking Baiyu, and now the company holds 13.6667% of Peking Tianyuan.