Gelonghui November 23丨Xinhua Department Store (600785.SH) announced that Tianfeng Securities was sold through bulk transactions on November 22, 2023, in accordance with the court assisted execution notice. The transaction volume: 18,166,600 shares of Xinhua Department Store (600785.SH), and the transaction amount: 272,499,000.00 yuan. As of November 22, 2023, a total of 18,166,600 shares of Xinhua Department Store (600785.SH) have been sold. Disposal has not yet been completed. Further disposal progress will be announced separately.

According to Tianfeng Securities's notice, Shanghai Baoyin Phase 3 has now disposed of 18.166,600 shares of the company, accounting for about 8.05% of the company's total shares. After this change in equity, Shanghai Baoyin held a total of 21,960,360 shares in Xinhua Department Store, accounting for about 9.73% of the company's total shares.