Hubei Kailong Chemical Group (002783.SZ) is planning to change its controlling shareholder to the Hubei Provincial Government's State-owned Assets Supervision and Administration Commission.

Hubei Kailong Chemical Group (002783.SZ) announced on January 15, 2025 that Yangtze Industry Group, Jingmen Municipal Government State-owned Assets Supervision and Administration Commission, and Zhongjing Group signed a "Equity Transfer Agreement." Yangtze Industry Group intends to acquire 75% equity of Zhongjing Group held by Jingmen Municipal Government State-owned Assets Supervision and Administration Commission for a transaction price of 2.776 billion RMB. Prior to this equity transfer, Zhongjing Group held 75.1184 million shares of the company, accounting for 15.03% of the total share capital. The controlling shareholder of the company is Zhongjing Group, with the actual controller being Jingmen Municipal Government State-owned Assets Supervision and Administration Commission. After this equity transfer, Zhongjing Group will still be the controlling shareholder of the company, with Yangtze Industry Group holding 75% equity of Zhongjing Group. Hubei Provincial Government State-owned Assets Supervision and Administration Commission holds 100% equity of Yangtze Industry Group, becoming the actual controller of the company.