QSZY(SH:600103) Zheng Quan Zhi Xing·2025-06-27 16:24Core Viewpoint - The report outlines the equity change of Fujian Qingshan Paper Industry Co., Ltd., where Fujian Provincial Industrial Holding Group Co., Ltd. will acquire 100% equity of Fujian Light Textile through a non-compensatory transfer, indirectly controlling 18.95% of Qingshan Paper's voting rights, thus becoming its indirect controlling shareholder [1][2][12]. Group 1: Equity Change Details - The equity change is a result of the non-compensatory transfer of 100% equity of Fujian Light Textile from the Fujian State-owned Assets Supervision and Administration Commission to Fujian Provincial Industrial Holding Group [2][10]. - After the equity change, Fujian Provincial Industrial Holding Group will indirectly control 426,942,224 shares of Qingshan Paper, representing 18.95% of the total voting rights [12][24]. - The change does not affect the direct controlling shareholder or the actual controller of Qingshan Paper, which remains Fujian Light Textile and Fujian State-owned Assets Supervision and Administration Commission, respectively [10][12]. Group 2: Company Information - Fujian Provincial Industrial Holding Group was established on May 27, 2025, with a registered capital of 800 million yuan [7][8]. - The company is a wholly state-owned limited liability company, primarily engaged in investment activities, management consulting, and various manufacturing sectors including paper production [7][8]. - As of the report date, Fujian Provincial Industrial Holding Group has not conducted any actual business operations since its establishment [8]. Group 3: Future Plans and Procedures - There are no plans for further acquisition or disposal of Qingshan Paper shares within the next 12 months, aside from the current equity change [10][11]. - The equity change requires the completion of registration procedures with government market supervision departments for the change of equity holder of Fujian Light Textile [11][26]. - The company has committed to maintaining the independence of Qingshan Paper in terms of assets, personnel, finance, and operations following the equity change [16][18].