Liuzhou Liangmianzhen Co LtdControlling shareholder change to Guangxi Guokong with actual controller becoming Guangxi SASAC; impact unclear without further details.

LMZ announced that its controlling shareholder has changed from Guangxi Liuzhou Industrial Investment Development Group to Guangxi Guokong Capital Operation Group, and the actual controller has changed from Liuzhou SASAC to Guangxi Autonomous Region SASAC. Shareholders Liuzhou Industrial Investment, Liuzhou Economic Investment, and Liuzhou Yuanhong transferred their respective 25.46%, 1.99%, and 0.55% stakes in the company to Guangxi Guokong via agreement transfer at a price of 7.9742 yuan per share, for a total consideration of 1.228 billion yuan. The transfer registration has been completed, with a total of 154 million shares transferred, accounting for 28% of the company's total share capital. In the first quarter of 2026, LMZ achieved revenue of 219 million yuan and a net loss attributable to the parent of 38.28 million yuan.
Liuzhou Liangmianzhen Co LtdControlling shareholder change to Guangxi Guokong with actual controller becoming Guangxi SASAC; impact unclear without further details.
Guangxi Guokong acquires 28% stake, becoming controlling shareholder and expanding its portfolio.
Liuzhou Industrial Investment transfers its 25.46% stake, losing control; receives 1.228 billion yuan but relinquishes influence.
Liuzhou Economic Investment transfers its 1.99% stake, reducing its holding.
Liuzhou Yuanhong transfers its 0.55% stake, exiting its position.