Changzhou Shenli Electrical Machine Incorporated (603819.SH) controlling shareholder intends to sell 22% of their shares to external parties. Trading will resume on November 15th.

Changzhou Shenli Electrical Machine Incorporated (603819.SH) announced that on November 14, 2024, the company's controlling shareholder and actual controller, Chen Zhongwei (referred to as "Party A" or "Transferor"), signed a framework agreement on the transfer of shares of Changzhou Shenli Electrical Machine Co., Ltd. with Liaoning weishu Enterprise Management Co., Ltd. (referred to as "Party B1" or "Transferee 1") and Guangzhou Kangqi Asset Management Center (Limited Partnership) (referred to as "Party B2" or "Transferee 2"). Party A agreed to transfer 47.9 million shares of unrestricted circulating stock of Changzhou Shenli Electrical Machine Co., Ltd. ("Listed Company") held by it to Parties B1 and B2, representing 22.00% of the total share capital of the Listed Company, and the transferees agreed to acquire the shares transferred by the transferor. In order to ensure the liquidity of the company's stock and safeguard the interests of the majority of investors, in accordance with the "Stock Listing Rules of the Shanghai Stock Exchange" and the "Self-Discipline Supervision Guidelines for Listed Companies of the Shanghai Stock Exchange No. 4 - Trading Suspension and Resumption", the company has applied to the Shanghai Stock Exchange. The company's stock (securities abbreviation: Changzhou Shenli Electrical Machine Incorporated, securities code: 603819) will resume trading from the morning of November 15, 2024 (Friday).