Hoshine Silicon(SH:603260) Zheng Quan Zhi Xing·2025-07-16 16:25Summary of Key Points Core Viewpoint - The announcement details the agreement for the transfer of 60,000,000 shares of Hesheng Silicon Industry Co., Ltd. from its controlling shareholder, Hesheng Group, to Xiao Xiugan, which represents 5.08% of the company's total share capital. This transfer will not change the control of the company [3][4]. Group 1: Share Transfer Details - Hesheng Group will transfer 60,000,000 shares, reducing its holding from 929,105,229 shares (78.59%) to 869,105,229 shares (73.51%) [3]. - The share transfer price is set at RMB 43.90 per share, totaling RMB 2,634,000,000 (approximately 2.63 billion) for the entire transaction [6][9]. - The transfer will occur in three phases, with the first payment of RMB 1,000,000,000 (1 billion) due within three working days after the announcement, followed by RMB 500,000,000 (500 million) and RMB 1,134,000,000 (1.13 billion) in subsequent phases [6][9]. Group 2: Parties Involved - The transferor, Hesheng Group, is a limited liability company established in May 2003, with its main shareholders being Luo Yedong (57.35%), Luo Yi (24.93%), and Luo Ligong (17.72%) [5]. - The transferee, Xiao Xiugan, is a Chinese national and has not been listed as a dishonest executor [5][6]. - There are no existing relationships or economic interests between the transferor and transferee [5][6]. Group 3: Regulatory Compliance - The share transfer is subject to compliance review by the Shanghai Stock Exchange and must be registered with the China Securities Depository and Clearing Corporation [4][9]. - Both parties are required to adhere to regulations regarding shareholder reductions and information disclosure during the transfer process [4][9].