Jiangsu General Science Technology (601500.SH) intends to transfer 24.41% of its shares by its controlling shareholder, and a change in the company's control will occur.

Jiangsu General Science Technology (601500.SH) announced that its controlling shareholder, Red Bean Group Limited (referred to as "Red Bean Group"), is planning to change the company's controlling rights. Red Bean Group intends to transfer its 24.41% stake in the company to Guangzhou Industrial Investment Holding Group Co., Ltd. (referred to as "Guangzhou Control") or its designated entity. If the share transfer is successfully carried out and completed, the company's controlling rights will change.