LONCIN(SH:603766) Zheng Quan Zhi Xing·2025-07-21 16:14Group 1 - The report outlines a non-compensatory transfer of state-owned shares from Chongqing Yufu Capital Operation Group Co., Ltd. to Chongqing Yufu Holding Group Co., Ltd., resulting in a reduction of shares held in Longxin General Power Co., Ltd. [1][5] - After the transfer, Chongqing Yufu Capital will no longer hold any shares in Longxin General Power, which previously amounted to 318,709,695 shares, representing 15.52% of the total share capital [5][6]. - The transfer is part of a broader initiative to implement the directives from the 20th National Congress of the Communist Party of China and the Chongqing Municipal Government's reform strategies [4][6]. Group 2 - The transfer of shares requires compliance confirmation from the Shanghai Stock Exchange and subsequent registration with the China Securities Depository and Clearing Corporation [2][6]. - Chongqing Yufu Capital has committed to not transferring or delegating the management of the shares for 12 months following the acquisition of the shares [6][7]. - There are no outstanding debts or guarantees that Chongqing Yufu Capital owes to Longxin General Power, ensuring that the interests of the company are not compromised [6][7].