Dongguan HuaLi Industries (603038.SH)'s controlling shareholder plans to transfer 5.10% of the company's shares by agreement.

Dongguan HuaLi Industries (603038.SH) announced that its controlling shareholder, Anhui Hongdian, intends to transfer 13.7025 million shares of Dongguan HuaLi Industries it holds to Hainan Junhe by way of an agreement-based transfer at a price of RMB 14.57 per share, accounting for 5.10% of the company's total shares, with the total transfer price amounting to RMB 200 million. This agreement-based transfer does not involve a change in control of the company, will not cause any change in the company's controlling shareholder or actual controller, does not involve a tender offer, and will not have a material impact on the company's governance structure or future sustainable operations.