ST Jiu Zhi: Heilongjiang Provincial State-owned Assets Supervision and Administration Commission will become the actual controller of the company

Golden Ten Data, 11 November News, ST Jiuzhi announced that the company’s controlling shareholder and actual controller, Li Zhenguo, signed a share transfer protocol with Cheneng Investment. It was agreed that Li Zhenguo would transfer his 53.5 million shares of the company (6.25% of the total share capital) to Cheneng Investment at a transaction price of 7.19 yuan per share, totaling 385 million yuan. After this equity change is completed, Cheneng Investment will hold 206 million shares of the company, accounting for 24.04% of the total share capital, becoming the controlling shareholder of the company, and the Heilongjiang Provincial State-owned Assets Supervision and Administration Commission will become the actual controller of the company. Li Zhenguo will hold 162 million shares of the company, accounting for 18.91% of the total share capital, becoming the second largest shareholder of the company.