Dalian Shengya: Shanghai Tongcheng will become the controlling shareholder of the company and the stock will resume trading.

date
29/07/2025
Dalian Shengya Announcement: The company plans to issue no more than 38.64 million shares to Shanghai Tongcheng Enterprise Management Partnership Enterprise, raising a total of no more than 956 million yuan. The net proceeds from the issuance, after deducting the issuance expenses, will be used entirely to repay debts and supplement working capital. After the issuance is completed, Shanghai Tongcheng will become the controlling shareholder of the company. At the same time, the company's shareholder Yang Ziping and his concerted action person Jiang Xuezhong will irrevocably entrust their voting rights of the shares they hold to Shanghai Tongcheng for exercise, and Shanghai Tongcheng will hold the voting rights corresponding to 10.14% of the company's shares. The company's stock will resume trading on July 29, 2025.