Hubei Huarong Holding's controlling shareholder intends to transfer 5% of its shares. Trading will resume on November 20th.

Hubei Huarong Holding (600421.SH) announced that its controlling shareholder Zhejiang Hengshun Investment Co., Ltd.'s concerted action party Shanghai Tianji Investment Co., Ltd. intends to transfer 9.78 million shares of the company's unrestricted tradable shares (accounting for 5% of the company's total share capital) and all related ownership interests to North Soft Data Intelligence Technology (Zhejiang) Co., Ltd. through agreement transfer at a price of RMB 11.68 per share. Apart from this transfer, the company's controlling shareholder and concerted action party will not transfer shares to other parties in the future, and there will be no change in the company's controlling interest. Upon application to the Shanghai Stock Exchange, the company's stock will resume trading from November 20, 2024 (Wednesday).