Shenli Corporation: Controlling shareholder terminates planned change in control rights.

date
30/07/2025
On the evening of July 29, Shenli Co., Ltd. announced that the company had received a notification from its controlling shareholder and actual controller, Chen Zhongwei, stating that the transferee had failed to pay the transaction price as agreed in the share transfer agreement. After reaching a consensus through negotiation between the transferor and transferee, both parties signed a termination agreement for the share transfer on the same day, agreeing to terminate the planned change in control. Previously, on April 14, 2025, Chen Zhongwei had signed a share transfer agreement with Liaoning Weishu and its concerted action person Kangqi Asset Zhiyuan No. 1, intending to transfer his 47.9 million unrestricted tradable shares in the company at a price of 14.553 yuan per share, with a total consideration of 697 million yuan.