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Proya: Plans to acquire a 12.5479% stake in Huazhi, bringing its total ownership to 51%
Mars Finance News: Proya announced that its wholly-owned subsidiary, Proya (Hainan) Investment Co., Ltd., signed an equity transfer agreement with individual Yang Zifeng on May 21, 2026. Proya (Hainan) Investment Co., Ltd. plans to acquire 12.5479% of the equity in Shenzhen Huazhi Xiao E-commerce Co., Ltd. held by Yang Zifeng for a cash consideration of 351 million yuan from its own funds.
Before this transaction, the company held 38.4521% of Huazhi Xiao through Proya (Hainan); after the transaction is completed, the shareholding ratio will increase to 51%, and Huazhi Xiao will be included within the scope of the company’s consolidated financial statements.
This transaction has been considered and approved at the 13th meeting of the company’s 4th Board of Directors, and does not require approval by the shareholders’ meeting. However, an operator concentration filing is still required.