Core Viewpoint - The major asset restructuring of Yunnan Chengtou Real Estate Co., Ltd. has not made substantial progress as of the announcement date [2][13]. Group 1: Basic Situation of the Restructuring - The company is selling 100% equity of Kunming Chenghai Real Estate Co., Ltd. and other stakes in various companies through public listing to optimize its asset structure and enhance risk resistance [3][14]. - The identified buyers for the assets include Yunnan Baifeng Enterprise Management (Group) Co., Ltd. and Yunnan Chengtou Kangyuan Investment Co., Ltd., both of which are subsidiaries of the company's controlling shareholder [3][14]. Group 2: Progress of the Restructuring - The company disclosed its plan for major asset restructuring on April 21, 2022, and held board meetings to approve related proposals in June 2022 [4][15]. - By December 26, 2022, the company had completed the transfer of equity and debt for 11 target companies, recovering approximately 4.446 billion yuan in total [8]. - As of the latest update, the company has completed the industrial and commercial registration procedures for 10 out of the 14 target companies, while 4 companies are still pending [8][17]. Group 3: Other Notes - The restructuring process has been conducted in compliance with legal and regulatory requirements, and the management rights of the transferred companies have been fully transferred to the buyers [9][17]. - The company will continue to actively promote the subsequent implementation of the major asset sale [8][17].