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Songcheng Performance: Reasonable arrangements will be made for the equity of Huafang Group at the appropriate time.
Jin10 reported on August 5th that Songcheng Performance Interactive platform stated that as of now, the company holds 35.35% equity in Huafang Group. After delisting, Huafang Group continues to operate, with operations tending to be relatively stable. Currently, the book value of the company's long-term equity investment in Huafang Group is close to the identifiable net asset share calculated based on the equity holding ratio, with no impairment signs found. Huafang Group is currently advancing related work after the delisting, and the company will make reasonable arrangements for Huafang Group's equity at the appropriate time.