Snowky Electric’s second-largest shareholder, Anhui Zhidao Investment Co., Ltd., has sold its entire stake for approximately 296 million yuan. Natural person Liu Xiang acquired 23.1499 million shares at 12.80 yuan per share through a block trade, representing 12.6481% of the company’s total share capital. Upon completion of the transfer, Zhidao Investment no longer holds any shares in the company. The transaction does not trigger a mandatory tender offer, does not involve a related-party transaction, and will not result in a change of the controlling shareholder or the actual controller. The buyer, Liu Xiang, is 47 years old and has long been engaged in the manufacturing and trading of home appliance components. In the previous six months, he had already increased his stake in Snowky Electric by 418,600 shares through centralized bidding. Combined with this acquisition, his total shareholding will rise to 12.8768%, making him a significant shareholder second only to the controlling shareholder. Liu Xiang stated that this acquisition is based on his recognition of the company’s future development prospects and investment value.
Hefei Snowky Elec Co LtdA significant shareholder acquisition by a buyer who recognizes the company's prospects signals confidence and may support the stock.