ZZPZH(SH:600436) Zheng Quan Zhi Xing·2025-06-23 14:28Core Viewpoint - The announcement indicates a change in the controlling shareholder and actual controller of the company due to the transfer of state-owned shares from Jiulongjiang Group to Zhanglong Group, which is aimed at optimizing the structure of state-owned assets and enhancing the efficiency of state capital allocation [1][3]. Group 1: Shareholder Changes - Jiulongjiang Group will transfer 2,000,000 shares, representing 0.33% of the total share capital, to Zhanglong Group without compensation [3][4]. - After the transfer, Jiulongjiang Group will hold 307,522,643 shares, accounting for 50.97% of the total share capital [2][4]. - The transfer does not trigger mandatory tender offer obligations as it is a non-compensatory transfer [4][5]. Group 2: Shareholder Information - Jiulongjiang Group has a registered capital of 400 million RMB and is involved in various business activities including hazardous chemicals, oil wholesale, and construction [5]. - Zhanglong Group has a registered capital of 382.85 million RMB and engages in investment activities, agricultural services, and sales of various products [5][6]. Group 3: Compliance and Future Actions - Jiulongjiang Group has committed not to reduce its holdings in Zhanglong Group for 36 months following the completion of the share transfer [2][3]. - The company will fulfill its information disclosure obligations based on any future changes in shareholder holdings [7][8].