CEI(SH:688128) Zheng Quan Zhi Xing·2025-07-24 16:21Summary of Key Points Core Viewpoint - The report details the results of a share transfer by Guangzhou Kaitian Investment Management Center (Limited Partnership), which is an employee stock ownership platform of China Electric Power Research Institute Co., Ltd. The transfer involves 6,067,500 shares at a price of 22.54 CNY per share, resulting in a decrease in Kaitian's shareholding from 22.66% to 21.16% [1][2][3]. Group 1: Transfer Details - The share transfer price is set at 22.54 CNY per share, with a total of 6,067,500 shares being transferred [1]. - After the transfer, Kaitian's shareholding will decrease from 22.66% to 21.16%, marking a change of 1.50% in equity [2][4]. - Kaitian Investment is not the controlling shareholder or actual controller of China Electric Power Research Institute [1][2]. Group 2: Transfer Process - The transfer was conducted through an inquiry process, with 170 institutional investors receiving the subscription invitation, including 47 fund management companies and 36 securities companies [5]. - A total of 39 valid subscription bids were received during the specified time frame, leading to the allocation of shares to 9 investors [5]. - The transfer process adhered to fair and just principles, complying with current securities market regulations [5][7].