Does Ningbo Federation withdraw from the market?

No, Ningbo United Group Co., Ltd. is a local state-owned enterprise whose business is real estate development. By February 26, 2023, the company has strong development strength and wide sales scope, and will not be delisted. Ningbo is a prefecture-level city, a sub-provincial city, a city with separate plans and a first-class city. It is an important city in Shanghai metropolitan area under the jurisdiction of Zhejiang Province.