Changes in the equity structure of Kingboard Chemical Holdings Ltd (00320)

Wisdom Finance APP News, Kim Pao Tong (00320) announced that on June 30, 2025, for the purpose of inheritance planning and family wealth management, the company's controlling shareholder and honorary chairman Mr. Ouyang He was notified that he will transfer (i) all equity of Solar Power Group Limited (Solar Power, a company registered in the British Virgin Islands, directly holding 352.5 million shares of the company) and (ii) his direct holdings of 1.023 million shares of the company (collectively referred to as the target shares) to his son Mr. Ouyang Bokang, at a nominal price of 1.0 US dollar. The target shares account for approximately 41.9% of the company's issued share capital as of the date of this announcement. Mr. Ouyang Bokang will serve as an executive director, chairman of the board, and CEO of the company.