CCA(SH:603100) Zheng Quan Zhi Xing·2025-05-30 10:37Core Viewpoint - The report outlines the equity changes of Chongqing Chuan Yi Automation Co., Ltd., indicating a reduction in shares through a transfer agreement and voting rights delegation, leading to a change in control of the company [1][2]. Group 1: Equity Change Details - The equity change involves a reduction in shares through an agreement transfer and voting rights delegation, signed in May 2025 [1]. - The equity change is subject to necessary approvals as per relevant laws and regulations, with some uncertainty regarding the approval timeline [2]. - The report confirms that the information disclosed is comprehensive and that no additional shares have been acquired or disposed of outside the report [2]. Group 2: Parties Involved - The information disclosing parties include China Four Link Instrument Group Co., Ltd. and Chongqing Yufu Holding Group Co., Ltd., with Chongqing Water Environment Holding Group Co., Ltd. acting as a concerted party [1][2]. - China Four Link Instrument Group has a registered capital of 2 billion RMB and is involved in various industrial automation and environmental equipment sectors [6]. - Chongqing Yufu Holding Group has a registered capital of 1.68 billion RMB and is a state-owned enterprise focused on investment and asset management [7]. Group 3: Shareholding Structure - After the equity change, the controlling shareholder will be Guo Ji Instrumentation, which will hold 29.91% of the voting rights in Chuan Yi Automation [14]. - The shareholding structure indicates that Four Link Group will reduce its holdings from 30.09% to 10.83%, while Yufu Holding will delegate its voting rights to Guo Ji Instrumentation [14]. - The report details the shareholding percentages before and after the equity change, highlighting the shift in control [14]. Group 4: Purpose of Equity Change - The purpose of the equity change is to optimize state-owned capital layout and enhance the development of the instrument and automation industry [12]. - The transaction aims to improve national strategic capabilities and accelerate the advancement of high-end manufacturing [12]. Group 5: Future Plans - The parties involved plan to transfer at least 10% of their shares in Chuan Yi Automation to Guo Ji Instrumentation within the next twelve months [13]. - The report indicates that the parties will comply with legal requirements for timely information disclosure regarding any future share changes [13].