Jingwei Co. announced on the evening of September 16 that the acting-in-concert parties of its actual controller Ye Xiaohua and related shareholders signed a share transfer agreement with ChinaSoft International Xi'an Intelligent Technology Co., Ltd., under which they plan to transfer a total of 17.8062 million shares at 53 yuan per share, representing 29.68% of the company's total share capital, for a total consideration of 944 million yuan. Trading in the company's shares will resume on September 17. Upon completion of the transfer, ChinaSoft Xi'an will hold 29.68% of the company, and the company's controlling shareholder will change from having no controlling shareholder to ChinaSoft Xi'an. Compared with the closing price of 37.5 yuan per share before the suspension, the transfer price represents a premium of 41.3%. The sellers include actual controller Ye Xiaohua and his acting-in-concert parties, the company's employee shareholding platforms Hangzhou Yisheng Investment, Hangzhou Dianli Investment, and Hangzhou Dingsheng Investment, shareholder Juhua Technology holding more than 5% and its acting-in-concert party Juhua Lianxin, as well as shareholder Wu Rende. All parties have also issued a commitment letter not to seek control. This change of control involves an exemption from voluntary transfer restriction commitments, and still requires approval by the company's board of directors and shareholders' meeting, as well as compliance confirmation by the Shenzhen Stock Exchange and transfer registration procedures with the Shenzhen branch of China Securities Depository and Clearing Corporation Limited. Whether it can ultimately be completed remains uncertain. Jingwei Co. is mainly engaged in electric power planning consulting and design, electric power engineering construction, new energy EPC, and integrated energy services. In the first half of 2026, it achieved operating revenue of 135 million yuan, down 37.30% year on year, and a net loss attributable to shareholders of the listed company of 23.1229 million yuan, turning from profit to loss year on year.
ChinaSoft International Xi'an agrees to acquire 29.68% of Jingwei at a 41.3% premium, becoming controlling shareholder via this M&A deal.
