Foxit Software's controlling shareholder and actual controller Xiong Yuqian, along with his concert party Xiong Chunyun, plan to transfer a total of 4.57 million unrestricted tradable shares through a negotiated transfer to the Zhongsheng Fund represented by Zhongsheng Ruizhi Beijing Asset Management Company, accounting for 5 percent of the company's total share capital. The transfer price is 52 yuan per share, with a total consideration of approximately 238 million yuan. After this transfer, Xiong Yuqian's direct shareholding ratio will decrease from 39.85 percent to 34.94 percent, and his concert party Xiong Chunyun will no longer hold any shares, but the company's controlling shareholder and actual controller will not change. Foxit Software stated that the introduction of this investor is based on the other party's recognition of the company's intrinsic value and optimism about its future development, while also meeting the transferors' funding needs. This matter still requires compliance review by the Shanghai Stock Exchange and the completion of share transfer registration procedures, and there is uncertainty as to whether it will be ultimately completed.
Fujian Foxit Software Development Joint Stock Co LtdPlanned share transfer by controlling shareholder, but no change in control; deal uncertain and not clearly positive or negative.