PIESAT(SH:688066) Zheng Quan Zhi Xing·2025-07-04 16:22Core Viewpoint - The announcement details a share transfer agreement where Beijing Hangxing Yingchuang Technology Center (Limited Partnership) will transfer 13,326,300 shares of Aerospace Hongtu Information Technology Co., Ltd. to Bai Rui Kun Investment Management (Beijing) Co., Ltd. at a price of 19 RMB per share, totaling approximately 253.2 million RMB [1][2][3] Summary of Key Points Share Transfer Details - The transfer involves 13,326,300 shares, representing 5.10% of the total share capital of Aerospace Hongtu [1][2] - The transfer price is set at 19 RMB per share, amounting to a total of 253,199,700 RMB [1][2][3] - Prior to the transfer, Hangxing Yingchuang held 19,437,706 shares (7.44% of total shares), and after the transfer, it will hold 6,111,406 shares (2.34% of total shares) [1][3] Impact on Shareholders - After the transfer, Bai Rui Kun will hold 13,326,300 shares (5.10% of total shares) [2][3] - The transfer does not trigger a mandatory tender offer and will not change the control of the company [2][3] Parties Involved - The transferor, Beijing Hangxing Yingchuang Technology Center, is a limited partnership established on November 25, 2014, with a registered capital of 1.2 million RMB [4] - The transferee, Bai Rui Kun Investment Management (Beijing) Co., Ltd., is a limited liability company with a registered capital of 17.6 million RMB, established on March 26, 2014 [4] Payment Terms - The payment for the shares will be made in several installments, starting with a 50 million RMB deposit [5][6] - The total payment structure includes multiple payments, with the final payment of 63,199,700 RMB to be made after the completion of the transfer procedures [6][7] Regulatory Compliance - The share transfer is subject to compliance confirmation from the Shanghai Stock Exchange and registration with the China Securities Depository and Clearing Corporation [2][8] - The transaction is expected to have no adverse effects on the company's operations or shareholder interests [7][8]