Zhongshan Public Utilities: Controlling shareholder plans to transfer 5% of the shares to Lian Life Insurances for 8.99 billion yuan.

Zhongshan Public Announcement stated that the controlling shareholder Zhongshan Investment Control intends to publicly solicit the transfer of 73,755,567 shares of the company's stock, accounting for 5% of the total share capital, at a transfer price not lower than 12.19 yuan per share. During the public solicitation period, Pacific Life Insurance submitted a transfer application and paid the deposit in full, and was ultimately selected as the transferee. On April 1st, Zhongshan Investment Control and Pacific Life Insurance signed a "Stock Transfer Agreement", with a total transfer price of 899,080,361.73 yuan. This matter has been approved by the Zhongshan State-owned Assets Supervision and Administration Commission, and still needs to be reviewed by the Shenzhen Stock Exchange and go through the share transfer registration process, with uncertainties as to whether it can be completed.