Lily Group(SH:603823) Zheng Quan Zhi Xing·2025-05-27 09:25Core Viewpoint - The announcement details a change in the shareholding structure of the controlling shareholder, Baihehua Holdings, which is part of a generational transfer arrangement within the controlling family, without affecting the actual control or governance of the company [1][4]. Group 1: Shareholding Structure Change - Baihehua Holdings will undergo a shareholding structure change, with no impact on the number of shares, holding ratios, or voting rights of the actual controller and their concerted actors [1][4]. - Chen Lirong, the actual controller, transferred 10% of Baihehua Holdings to his son, Chen Pengfei, while Chen Weizhong transferred 3.75% to his son, Chen Yang [1][4][5]. - The share transfer agreements maintain that Chen Lirong retains final decision-making authority over major decisions at Baihehua Holdings [1][4]. Group 2: Impact on Company - The shareholding structure change is part of a family succession plan and does not alter the controlling shareholder or actual controller, ensuring continuity in governance and operations [1][4]. - Prior to the transfer, Chen Lirong directly held 4.09% of the company and 50% of Baihehua Holdings, indirectly holding 31.70% of the company [4][5]. - The transfer results in an indirect transfer of 6.34% of the company's shares from Chen Lirong and 2.38% from Chen Weizhong, with both maintaining their direct shareholdings [5]. Group 3: Compliance with Lock-up Commitment - The shareholding structure change complies with the voluntary lock-up commitment made during the company's initial public offering, which restricts annual share transfers to no more than 25% of their directly or indirectly held shares [5].