Group 1 - The company Beijing Tongguan Yingxin Cultural Tourism Development Co., Ltd. has announced that its shareholder Hunan Xinhua Construction Engineering Co., Ltd. plans to reduce its shareholding through centralized bidding and block trading from June 27, 2025, to September 26, 2025 [1] - Hunan Xinhua has completed its share reduction plan, having sold shares at a price range of 1.6324 to 1.66 yuan per share, resulting in a total reduction of 49,198,492 shares, which is 0.84% of the company's total share capital [1] - After the reduction, Hunan Xinhua will hold a total of 420,201,923 shares, representing 7.16% of the company's total share capital, classifying it as a shareholder with more than 5% ownership [1] Group 2 - The reduction plan will not lead to a change in the company's control or significantly impact its governance structure and ongoing operations, as Hunan Xinhua is not the controlling shareholder or actual controller of the company [2] - The announcement complies with relevant regulations, including the Interim Measures for the Administration of Shareholders' Reduction of Shares and the Shenzhen Stock Exchange's rules [2]

Group 1: Core Insights - The Sichuan Provincial Development and Reform Commission reported significant progress in the construction of the Chengdu-Chongqing economic circle, with 320 key projects achieving an investment of 111.98 billion yuan in the first quarter, representing a completion rate of 25.4% [1] - Major breakthroughs were noted in modern infrastructure projects, with an investment of 64.95 billion yuan completed in the first quarter, achieving a completion rate of 22.8% [1] - The modern industry and technology innovation projects progressed steadily, with an investment of 39.76 billion yuan completed in the first quarter, achieving a completion rate of 31.5% [1] Group 2: Project Implementation - Cultural tourism, ecological protection, foreign trade, and public service projects accelerated, with an investment of 7.27 billion yuan completed in the first quarter, achieving a completion rate of 24.1% [2] - Key projects such as the Lu-Hai International Center facade project and the Chengdu University of Traditional Chinese Medicine Deyang Hospital are in various stages of completion [2] - Future plans include enhancing work responsibilities, strengthening resource guarantees, and accelerating the construction of key projects to achieve more visible results [2]