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Xinhu Zhongbao announced that Xinhu Group, the controlling shareholder of the company, intends to transfer by prior arrangement, from Xinhu Group or designated entity to Quzhou State-owned Capital Operation Co., Ltd., Quzhou Holding Group Co., Ltd., Quzhou Industrial Development Group Co., Ltd. or its designee. Person sells and transfers a total of no more than 860 million shares of the company (not more than 10% of the total share capital of the company). After the share transfer operation, Quzhou will fully assist the company in seeking further local political support, comprehensively deepening cooperation, and promoting the company’s transformation. In the event of completion of the aforementioned share transfer, the controlling shareholder of the company and the effective controller will not change.
Xinhu Zhongbao: the controlling shareholder plans to transfer no more than 10% of the company’s shares to introduce state-owned assets
Xinhu Zhongbao announced that Xinhu Group, the controlling shareholder of the company, intends to transfer by prior arrangement, from Xinhu Group or designated entity to Quzhou State-owned Capital Operation Co., Ltd., Quzhou Holding Group Co., Ltd., Quzhou Industrial Development Group Co., Ltd. or its designee. Person sells and transfers a total of no more than 860 million shares of the company (not more than 10% of the total share capital of the company). After the share transfer operation, Quzhou will fully assist the company in seeking further local political support, comprehensively deepening cooperation, and promoting the company’s transformation. In the event of completion of the aforementioned share transfer, the controlling shareholder of the company and the effective controller will not change.
