Shang Hai Zheng Quan Bao·2025-05-13 20:31Core Viewpoint - The announcement details the completion of a share transfer involving a major shareholder of Suzhou Tianwo Technology Co., Ltd., specifically the transfer of 116 million shares from Mr. Chen Yuzhong to Shanghai Electric Group Co., Ltd. at a price of RMB 3.69 per share, totaling RMB 428.04 million [1][2]. Group 1: Share Transfer Details - Mr. Chen Yuzhong signed a share transfer agreement with Shanghai Electric, transferring 116,000,000 shares, which represents 13.51% of the company's total share capital [1]. - The share transfer was completed on May 12, 2025, with the company receiving confirmation from the China Securities Depository and Clearing Corporation [2]. Group 2: Shareholding Changes - Before the transfer, Mr. Chen held 131,290,074 shares (15.29% of total shares), with voting rights delegated to Shanghai Electric [3]. - After the transfer, Shanghai Electric directly holds 116,000,000 shares (13.51%), while Mr. Chen retains 15,290,074 shares with voting rights still delegated to Shanghai Electric, maintaining the combined voting rights of 263,748,888 shares (30.71%) held by Shanghai Electric and its parent company [3]. Group 3: Impact on the Company - The share transfer does not involve a reduction of shares in the secondary market, does not trigger a takeover bid, and will not change the company's controlling shareholder or actual controller [4]. - The transfer is not expected to harm the interests of the company or other shareholders and will not affect the company's normal operations [4]. Group 4: Pledge Status - Mr. Chen's shares involved in the transfer were previously pledged to Shanghai Electric, and the necessary procedures for the release of the pledge were completed alongside the transfer [5]. - After the transfer, Mr. Chen holds 15,290,074 shares (1.78% of total shares), with 14,000,000 shares (1.63%) still pledged to Shanghai Electric [6].