Modern Avenue Group(002656.SZ): Peng Zheng will indirectly hold 8.96% equity of the company.

Modern Avenue Group (002656.SZ) announced that on November 12, 2024, Zheng Hongsheng and Guangzhou Huiqi Xiaocheng Trading Co., Ltd. jointly signed a "Equity Transfer Agreement". According to the agreement, Guangzhou Huiqi Xiaocheng Trading Co., Ltd. acquired 72% equity of Guangzhou Puhuiyuan Trading Co., Ltd. (referred to as "Puhuiyuan" or the "target company"). On the same day, Luo Xiaowei and Guangzhou Huiqi Xiaocheng Trading Co., Ltd. jointly signed an "Equity Transfer Agreement". According to the agreement, Guangzhou Huiqi Xiaocheng Trading Co., Ltd. acquired 28% equity of Puhuiyuan. According to the aforementioned Equity Transfer Agreements, Peng Zheng as the transferee is required to bear the obligation of contributing paid-in capital to Puhuiyuan. Peng Zheng holds 99% of the shares of Guangzhou Huiqi Xiaocheng Trading Co., Ltd. and is the actual controller of the company. After the aforementioned equity transfers, Guangzhou Huiqi Xiaocheng Trading Co., Ltd. holds 100% of the shares of Puhuiyuan, and since Puhuiyuan owns 63,809,300 shares of the listed company (accounting for 8.96% of the total share capital of the listed company), Peng Zheng indirectly holds 8.96% equity in the listed company.