RUISEN LIFE SER (01922) has obtained the main shareholder, Silver Huang, to sell 67.1355 million shares of the company's stock and will continue to be suspended from trading.

RUISEN LIFE SER (01922) announced that the board of directors has received notice that Silver Huang Holding Limited (Silver Huang), a company wholly owned by Mr. Huang Qingping, has sold approximately 67.1355 million shares of the company, representing approximately 25.13% of the total issued share capital of the company (share transfer). After the share transfer, Chen Xiao holds a total of 67.1355 million shares (approximately 25.13% of the total issued share capital of the company) and has become a major shareholder of the company; Silver Huang holds a total of 10.002 million shares (approximately 3.74% of the total issued share capital of the company) and is no longer a major shareholder of the company; and Mr. Huang, through Silver Huang and Silver Wutong Holding Limited, holds a total of approximately 13.8977 million shares (approximately 5.20% of the total issued share capital of the company) and is no longer a controlling shareholder of the company. At the request of the company, trading of the company's shares on the Stock Exchange has been suspended from 9:04 am on August 28, 2024, and will continue to be suspended until further notice.