KAIRUIDE(SZ:002072) Zheng Quan Zhi Xing·2025-08-29 14:19Core Viewpoint - The company, Kairide Holdings Co., Ltd., is executing a judicial transfer of shares as part of its bankruptcy reorganization plan approved by the court, involving the transfer of 46.1 million shares to two individuals, Chen Zhangxun and Zhang Xin, without changing the control of the company [1][2][3]. Summary by Sections 1. Basic Situation of Share Transfer - The judicial transfer involves 46.1 million shares, representing 12.54% of the company's total share capital, with 20 million shares (5.44%) going to Chen Zhangxun for RMB 89.6 million and 26.1 million shares (7.10%) to Zhang Xin for RMB 116.928 million [1][2]. 2. Share Transfer Recipients' Information - Both Chen Zhangxun and Zhang Xin did not hold any shares prior to this transfer and are not related parties to the company. Their investment is for financial purposes, funded by their own resources [2][3][6]. 3. Financial Terms of the Transfer - The share transfer price is set at RMB 4.48 per share, which is lower than the average trading price of RMB 6.39 over the previous 60 trading days. Chen Zhangxun will pay a deposit of RMB 17.92 million, while Zhang Xin will pay RMB 23.3856 million as a deposit [2][4][6]. 4. Lock-up Period and Compliance - Both recipients agree to a 12-month lock-up period for the shares post-transfer. Any violation of this lock-up will result in all proceeds from the sale of the shares being returned to Kairide [4][8]. 5. Impact on Company Control - The share transfer will not result in any change in the company's controlling shareholder or actual controller, with Wang Jian remaining in control. The transfer is expected to benefit the company's business development [8][9].