Xueqi Electric: Shareholders holding more than 5% of the shares intend to transfer 12.65% of the shares through agreement.

date
03/07/2026
Yueqi Electric announced that it's shareholder Zhidao Investment, who owns more than 5% of the shares, signed a "Stock Transfer Agreement" with Liu Xiang on July 3, 2026, planning to transfer 23.1499 million shares at a price of 12.8 yuan per share, totaling 296 million yuan. This transfer does not involve a tender offer, does not involve related party transactions, and will not result in a change of the company's controlling shareholder, actual controller, or control rights. The transferee promises not to reduce the shares within 18 months, and the transferor promises to release 14.82 million pledged shares before the delivery. This transfer still needs confirmation from the exchange and transfer procedures, so there is uncertainty.