Double-headed pin: the controlling shareholder will change from an industrial group to Guangxi State-owned, and the stock will resume trading.

date
31/03/2026
Announcement of Double-Needle Company: On March 31, 2026, the controlling shareholder of the company, Industrial Group and its concerted action parties, Liuzhou Yuanhong Investment Development Co., Ltd. and Liuzhou Jingfa Investment Limited Liability Company, signed a "Share Transfer Agreement" with Guangxi Guokong Capital Operation Group Limited Liability Company. The Industrial Group intends to transfer 140 million shares of the company, Liuzhou Yuanhong intends to transfer 3.0139 million shares of the company, and Liuzhou Jingfa intends to transfer 10.9592 million shares of the company to Guangxi Guokong, totaling 154 million shares. The transfer price is 7.97 yuan/share, with a total transfer price of 1.228 billion yuan. After the completion of this transaction, the controlling shareholder of the company will change from Industrial Group to Guangxi Guokong, and the actual controller will change from the State-owned Assets Supervision and Administration Commission of Liuzhou City People's Government to the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region People's Government.