Zhongshan Public: Lian'an Life plans to acquire 5% of the company's shares at 12.19 yuan per share, becoming a shareholder with over 5% stake through a takeover.

Zhongshan Public Announcement, the company’s controlling shareholder Zhongshan Investment Holding and Lian’an Life Insurance signed the “Share Transfer Agreement” on April 1, proposing to transfer 73.76 million shares ( at a price of 12.19 yuan per share, accounting for 5% of the total share capital ), with a total transfer price of approximately 899 million yuan. After this equity change, Zhongshan Investment Holding’s shareholding ratio decreased to 43.73%, remaining as the controlling shareholder; Lian’an Life Insurance’s shareholding increased to 8.12%, becoming a shareholder with more than 5%. This transaction does not involve a mandatory tender offer, nor will it lead to a change in the actual controller, but it is subject to approval by the state-owned assets supervision authority and review by the Shenzhen Stock Exchange before implementation.