Baibang Technology: The actual controller has changed to Chen Zhu. The stock will resume trading on April 1.

People’s Finance News, March 31—Baibang Technology (300736) announced on March 31. On March 27, the controlling shareholder Beijing Da’an Century Investment Management Co., Ltd. (hereinafter “Da’an Century”), Beijing Yuehua Zhongcheng Investment Management Center (Limited Partnership) (hereinafter “Yuehua Zhongcheng”), and Nanjing Delue Technology Group Co., Ltd. (hereinafter “Delue Technology”) jointly signed a “Share Transfer Agreement.” Under the agreement, Da’an Century and Yuehua Zhongcheng intend to transfer, by way of agreement transfer, to Delue Technology the 26.0134 million shares they hold in the listed company (representing 20.33% of the company’s total share capital), with an agreement transfer price of RMB 21.88 per share. After this agreement transfer, Delue Technology will become the controlling shareholder of the listed company, and the actual controller will change to Chen Zhu. On March 30, the company signed an “Equity Subscription Agreement subject to Effective Conditions” with Nanjing Xingyue Commercial Management Partnership Enterprise (Limited Partnership) (hereinafter “Xingyue Commercial”). Xingyue Commercial intends to subscribe in cash for all 17.6549 million shares of stock issued by the company in this round. After the completion of this issuance, without considering other factors that may lead to changes in the number of shares, based on the proposed number of shares to be issued, Xingyue Commercial’s shareholding proportion will be 12.13%. Through the above transactions, Delue Technology becomes the controlling shareholder of the listed company, and Xingyue Commercial is an acting-in-concert party of Delue Technology. The actual controller of Xingyue Commercial and Delue Technology, Chen Zhu, becomes the actual controller of the listed company. Upon application, the company’s shares will resume trading from the start of the trading session on April 1 (Wednesday) morning.