Did China Railway Trust withdraw from the equity of Kunming Chengfeng Real Estate Company?

No, according to official website of China Railway Trust Co., Ltd., as of April 2, 2023, the shareholding ratio of China Railway Trust Co., Ltd. in Kunming Chengfeng Real Estate Company changed from 40% to 5 1%, and it became the major shareholder of Kunming Chengfeng Real Estate Company and did not quit. China Railway Trust Co., Ltd. (hereinafter referred to as China Railway Trust, formerly known as Hengping Trust Co., Ltd.) is a non-bank financial institution established with the approval of China Banking Regulatory Commission, with financial trust as its main business.