Liaoning Cheng Da (600739.SH) intends to change its controlling shareholder to Shaoguan Gaoteng

Liaoning Cheng Da (600739.SH) announced that the board of directors has approved the proposal for the board of directors election. After the completion of this board election, Shaoguan Gaoteng Enterprise Management Co., Ltd. ("Shaoguan Gaoteng"), through nomination and election, will have more than half of the director seats on Liaoning Cheng Da's board of directors. This will have a significant impact on the company's management. The controlling shareholder of the company is planned to be changed from Liaoning State-owned Assets Management Co., Ltd. to Shaoguan Gaoteng, and the actual controlling shareholder is planned to be changed from Liaoning State-owned Assets Supervision and Administration Commission of the Provincial People's Government ("Liaoning SASAC") to no actual controlling shareholder.