Guangdong DFP New Material Group(601515.SH): Quzhou State-owned Assets Supervision and Administration Commission intends to become the actual controller of the company. Stocks and bonds resume trading.

Guangdong DFP New Material Group (601515.SH) announced that the controlling shareholder of the company, Hong Kong Dongfeng Investment Group Limited ("Hong Kong Dongfeng Investment"), signed a Share Transfer Agreement with Quzhou Zhishang Enterprise Management Partnership Enterprise (Limited Partnership) and Quzhou Zhiwei Enterprise Management Partnership Enterprise (Limited Partnership) (collectively referred to as the "Share Transferor") on January 21, 2025. Hong Kong Dongfeng Investment intends to transfer 20.00% of its shares in the company to Quzhou Zhishang Enterprise Management Partnership Enterprise (Limited Partnership) ("Quzhou Zhishang"), for a transfer price of RMB 1.306 billion; and to transfer 9.90% of its shares in the company to Quzhou Zhiwei Enterprise Management Partnership Enterprise (Limited Partnership) ("Quzhou Zhiwei"), for a transfer price of RMB 646 million. It is reported that Quzhou Zhishang and Quzhou Zhiwei are acting in concert. After the completion of this transaction, Quzhou Zhishang and its concert party Quzhou Zhiwei will collectively hold 29.90% of the company's shares. After the completion of this transaction, Quzhou Zhishang will directly hold 20.00% of the company's shares and become the controlling shareholder of the company, while the Quzhou State-owned Assets Supervision and Administration Commission ("Quzhou SOE Committee") will become the actual controller of the company. Upon application, the company's shares and convertible bonds will resume trading from January 22, 2025 (Wednesday).