Shenzhen Xinyuanwei: Controlling shareholder changed to Northern Huachuang

Xinyuan Micro announced that shareholders holding more than 5% of the company's shares, Zhongke Tiansheng and Northern Huachuang, have signed a "Share Transfer Agreement." Zhongke Tiansheng will transfer all of its 16,899,750 shares of the company through open solicitation to Northern Huachuang, with a transaction amount of 1.448 billion yuan. In addition, the original shareholder holding more than 5% of the company's shares, Advanced Manufacturing, will transfer its 19,064,915 shares to Northern Huachuang. As a result, Northern Huachuang holds 35,964,665 shares of the company, accounting for approximately 17.87% of the total share capital, becoming the largest shareholder of the company. At the same time, the board of directors of the company has been re-elected, with more than half of the nominated directors coming from Northern Huachuang. Therefore, the company has changed from having no controlling shareholder or actual controller to having a controlling shareholder, Northern Huachuang, and an actual controller, Beijing Electronics Holdings Limited Liability Company.