Chongqing Machinery & Electric Co., Ltd. (02722.HK): The company's indirect controlling shareholder remains Yufu Holdings

Intelligence Finance and Economics APP News, Chongqing Machinery and Electronics (02722.HK) announced that the company has received a notification from its controlling shareholder Chongqing Machinery and Electronics Group. It signed a non-public equity transfer agreement with the original shareholder of the company, Jian Gong Group, on September 19, 2025. Jian Gong Group agreed to transfer all of its 6.30% stake in the company to Chongqing Machinery and Electronics Group (this transaction). After the completion of this transaction, Jian Gong Group will no longer hold any shares in the company, while Chongqing Machinery and Electronics Group will hold 61.04% of the company's shares. The company's indirect controlling shareholder remains Yufu Holdings, and Chongqing State-owned Assets Supervision and Administration Commission remains the ultimate controlling shareholder of the company.