Shenzhen Inovance Technology (300124.SZ) controlling shareholder Zhu Xingming plans to transfer up to 11 million shares to his daughter Zhu Hanyue.

Shenzhen Inovance Technology (300124.SZ) announced that the company has received a "Notification Letter" from Mr. Zhu Xingming, the actual controller of the company. In order to fulfill the "Gift Agreement", Mr. Zhu Xingming plans to transfer no more than 11 million shares of the company (accounting for 0.41% of the total share capital of the company) to his daughter, Ms. Zhu Hanyue, through block trading within 3 months after the disclosure date of this announcement. Due to restrictions on shareholding lock-up ratios for directors and senior executives of listed companies, the remaining portion will be transferred at a later date. According to the "Gift Agreement", Ms. Zhu Hanyue agrees to unconditionally entrust the voting rights obtained from the gifted shares and equity to Mr. Zhu Xingming.