Yangdian Technology (301012.SZ): Change in control may occur, trading will resume on July 16th.

Smart Finance APP News, Yang Electric Technology (301012.SZ) announced that the company's controlling shareholder and actual controller Mr. Cheng Junming and shareholder with more than 5% Mr. Zhao Henglong signed the "Share Transfer Agreement of Jiangsu Yang Electric Technology Co., Ltd." with Sichuan Hantang Cloud Intelligence Technology Co., Ltd. (referred to as "Hantang Cloud Intelligence"). At the same time, Mr. Cheng Junming and Hantang Cloud Intelligence signed the "Voting Rights Waiver Agreement of Jiangsu Yang Electric Technology Co., Ltd." Mr. Zhao Henglong intends to transfer the 17,808,280 RMB ordinary shares he holds in the listed company (accounting for 9.04% of the total share capital of the listed company, hereinafter referred to as the "first tranche of target shares") to Hantang Cloud Intelligence. At the same time, it is agreed that after the lock-up period of the shares held by Mr. Cheng Junming in the listed company expires, Mr. Cheng Junming intends to transfer the 25,522,956 shares he holds in the listed company (accounting for 12.96% of the total share capital of the listed company) to Hantang Cloud Intelligence. At that time, Mr. Cheng Junming and Hantang Cloud Intelligence shall negotiate and determine the transfer price of the second tranche of target shares in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange, and sign the agreement for the transfer of the second tranche of target shares. At the same time, from the date the first tranche of target shares is transferred to the transferee's name, Mr. Cheng Junming agrees to waive the voting rights corresponding to the 53,508,000 shares he holds in the listed company (accounting for 27.17% of the total share capital of the listed company), and the period of voting rights waiver is from the date the first tranche of target shares is transferred to the date the second tranche of target shares is completed. If this transaction or the transfer of the second tranche of target shares cannot be implemented, the aforementioned voting rights waiver will automatically be lifted. After the completion of this transaction, the transferee will acquire control of the company.