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Tianyin Holdings: the report that Glory Terminal may be backdoor to our company's listing is not consistent with the facts.

2024-03-04 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com November 21 news, Tianyin Holdings issued a clarification announcement, the media reported that the glory terminal may be backdoor listing of the company's description is not consistent with the facts. It has been confirmed with the controlling shareholder that there is no planning for the above rumors or other major matters that should be disclosed by the Company and Shenzhen Investment Holdings Co., Ltd., the controlling shareholder of the Company. As the indirect shareholder of Glory Terminal, Tianyin Communication Co., Ltd., a wholly-owned subsidiary of the company, holds 19.36% of the equity of Shenzhen Star Alliance Information Technology Partnership (Limited Partnership), which is the shareholder of Glory Terminal.

CTOnews.com noted that yesterday's interface news reported that Wu Hui, former chairman of Shenzhen Water Affairs (Group) Co., Ltd., joined Glory Terminal Co., Ltd last month and may become chairman of the board. Another senior official of the state-owned assets management company in Shenzhen revealed that one of Wu Hui's main tasks in Glory is to promote the listing process of the company. However, Shenzhen SASAC Enterprise leadership Management Office responded that "I do not know the specific situation", while Glory did not respond for the time being. The report also said that as Glory has not yet carried out share reform, according to the regulations of the Securities Regulatory Commission, it will take several years to formally follow the IPO process, so Glory plans to be listed in a backdoor listing.

According to Leifeng.com, Glory has publicly denied the rumor of "backdoor listing", but previously Glory did have a backdoor listing plan, with the former chairman Wan Biao to contact and negotiate. According to Glory employees, Glory's listing plan will be further delayed. The previous statement on the staff meeting and channel side of Glory is that Glory will be listed in 2025 or in Q3 at the latest.

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