Gaozheng Mining Explosives: The controlling shareholder plans to transfer 34% of equity without compensation, and the actual controller remains unchanged.

Gaozheng Min Explosives announced that its controlling shareholder, Tibetan Construction Group, intends to transfer its 34% controlling stake in the company to the Geological Mining Group without compensation. A "State-Owned Equity Free Transfer Agreement" has been signed. This transfer qualifies for an exemption from making a tender offer and still requires compliance confirmation from the Shenzhen Stock Exchange and share transfer processing by China Securities Depository and Clearing Corporation. After completion, the companys controlling shareholder will be the Geological Mining Group, while the actual controller will remain the State-owned Assets Supervision and Administration Commission of the Tibet Autonomous Region.