Junting Hotel has announced that its controlling shareholder, Wu Qiyuan, and related parties have terminated an agreement to transfer control of the company. This decision means the planned change in ownership has been halted, with Wu Qiyuan and his wife Ding He remaining the actual controllers. Separately, a new company, Wenzhou Xiangqi Technology Co., Ltd., was established with a registered capital of $5 million, wholly owned by Xigua Limited, and its business scope includes software development and shared bicycle services. AI
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