Bestore(SH:603719) Nan Fang Du Shi Bao·2025-10-16 15:05Core Viewpoint - The transfer agreement for 21.00% of shares from Ningbo Hanyi to Wuhan Yangtze International Trade Group has been terminated due to unmet conditions, impacting the potential change in control of the company [2][5][7]. Group 1: Share Transfer Details - Ningbo Hanyi and its associates intended to transfer 8,421,000 shares (21.00%) of the company to Wuhan Yangtze International Trade Group for approximately 1.494 billion yuan [5][6]. - The transfer was initially approved by the market regulatory authority on September 23, but the agreement has now been terminated as of October 15, 2025 [2][4]. Group 2: Company Response and Operations - The company stated that its core focus remains on its main business and operational management, emphasizing stable business performance and efforts to enhance operational results and corporate value [4][7]. - The company has committed to adhering to regulatory disclosure obligations regarding shareholder matters and will communicate significant developments through official announcements [4][9]. Group 3: Legal and Financial Context - The share transfer was complicated by a lawsuit from Guangzhou Light Industry Group against Ningbo Hanyi, resulting in the freezing of 7,976,390 shares (19.89% of total shares) [8][9]. - The company has faced financial challenges, reporting a revenue decline of 11.02% to 7.159 billion yuan last year and a net loss of 46.1 million yuan, with a further revenue drop of 27.21% to 2.829 billion yuan in the first half of this year [9].