Tianmu Pharmaceutical's Controlling Shareholder Plans to Transfer 20% Stake via Public Solicitation

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Tianmu Pharmaceutical announced that its controlling shareholder, Huilong Huaze, plans to transfer 24.3558 million unrestricted tradable shares, representing 20% of the company's total share capital, through a negotiated transfer by publicly soliciting a transferee. The transfer price will be no less than 22 yuan per share. Huilong Huaze currently holds a 29.99% stake in the company. If this transfer is completed, the company's controlling shareholder and actual controller may change.

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Huilong Huaze plans to sell 20% stake, reducing its ownership from 29.99% to about 10%.

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