Shanghai Yahong Moulding Co LtdControlling shareholder and actual controller change via 29.99% stake transfer and partial tender offer at 21.43 yuan/share.

Shanghai Yahong disclosed that its controlling shareholder, Hainan Ningsheng Tourism Group, shareholder Xie Yaming holding more than 5%, and his concert party Xie Yue signed a share transfer agreement with Shanghai Feike Investment Co., Ltd., under which they plan to transfer a combined 29.99% stake in the company at 21.43 yuan per share for a total consideration of 900 million yuan. The company's shares will resume trading on September 17. Ningsheng Group plans to transfer 18.186 million shares, representing 12.99% of total share capital; Xie Yaming plans to transfer 21.84 million shares, representing 15.60%; and Xie Yue plans to transfer 1.96 million shares, representing 1.40%. Subject to completion of the above agreement transfer, Feike Investment intends to make a partial tender offer to all shareholders of the listed company other than itself, acquiring 14.294 million shares at 21.43 yuan per share, representing 10.21% of the total issued shares. On the same day, Ningsheng Group and Xie Yaming signed pre-acceptance agreements with Feike Investment, under which Ningsheng Group irrevocably undertakes to validly tender 7.9792 million shares and Xie Yaming irrevocably undertakes to validly tender 6.3148 million shares. After completion of this equity change, the controlling shareholder will change from Ningsheng Group to Feike Investment, and the actual controller will change from Sun Lin to Li Gaiteng. Feike Investment and its controlling shareholder and actual controller Li Gaiteng undertake not to transfer the listed company shares acquired in this transaction within 60 months from completion of registration, and not to pledge such shares within 36 months. Feike Investment is the controlling shareholder of Feike Electric, and Li Gaiteng is also the founder and actual controller of Feike Electric.
Shanghai Yahong Moulding Co LtdControlling shareholder and actual controller change via 29.99% stake transfer and partial tender offer at 21.43 yuan/share.
Shanghai Flyco Electrical Appliance Co LtdNingsheng Group transfers its 12.99% stake and loses controlling-shareholder status to Feike Investment.
Feike Investment acquires 29.99% stake plus a 10.21% partial tender offer, becoming controlling shareholder.