GONGJIN(SH:603118) Zhong Guo Jing Ji Wang·2025-11-03 06:31Core Viewpoint - The major shareholder of Gongjin Co., Ltd. (603118.SH) has signed a share transfer agreement with Tangshan Industrial Holding Group Co., Ltd., indicating a change in control of the company [1][6]. Share Transfer Details - The total number of shares to be transferred is 88,055,885, accounting for 11.1849% of the company's total shares, at a price of 10.75 yuan per share, totaling approximately 946.6 million yuan [1][2]. - Tang Fonan will transfer 41,020,806 shares (5.2105%) for 440,973,664.50 yuan, while Wang Davi will transfer 39,137,075 shares (4.9712%) for 420,723,556.25 yuan [2]. - The funds for the share acquisition by Tangshan Industrial Holding will come from its own resources, with no involvement from the listed company or its affiliates [2]. Voting Rights Delegation - Wang Davi has signed a voting rights delegation agreement, entrusting the voting rights of 117,411,228 shares (14.9136%) to Tangshan Industrial Holding [3]. - The delegation period will last until the shares are registered under Tangshan Industrial Holding's name or until certain conditions are met [3]. Future Share Transfers - Tang Fonan and Wang Davi have agreed to transfer additional shares to Tangshan Industrial Holding by June 30, 2026, with specific amounts of 30,715,605 shares (3.9015%) and 29,352,807 shares (3.7284%) respectively [4]. - The agreements for the first and second share transfers are independent, meaning the failure of the second transfer will not affect the first [4]. Regulatory Compliance - The share transfer process is structured to comply with regulations governing the transfer of shares by company directors and senior management, which limits the amount of shares that can be transferred during their tenure [5]. Control Change Announcement - Following the completion of the share transfer and voting rights delegation, the controlling shareholder will change to Tangshan Industrial Holding, with the actual controller being the Tangshan Municipal Government's State-owned Assets Supervision and Administration Commission [6]. - The company's stock will resume trading on November 3, 2025, after the completion of the share transfer and control change [6].