Shang Hai Zheng Quan Bao·2025-11-03 19:58Core Viewpoint - The announcement details the proposed transfer of 5,830,000 shares of Beijing Baolande Software Co., Ltd. by its controlling shareholder, Yi Cundao, to Tianyang Hongye Technology Co., Ltd., representing 7.50% of the company's total share capital [2][3]. Summary by Sections 1. Basic Situation of the Share Transfer - Yi Cundao intends to transfer 5,830,000 shares at a price of 26.56 CNY per share, totaling approximately 154.84 million CNY [3][6]. - After the transfer, Yi Cundao will hold 21,602,681 shares, representing 27.79% of the total share capital, while Tianyang Technology will hold 5,830,000 shares [2][3]. 2. Background and Purpose of the Transfer - The transfer aims to meet Yi Cundao's funding needs and introduce a strategic investor who recognizes the company's long-term value, enhancing market competitiveness and resource sharing [4][5]. - The collaboration is expected to strengthen the integration of banking applications with middleware systems, promoting innovation in information technology and domestic software independence [5]. 3. Approval and Procedures - The transfer is subject to compliance review by the Shanghai Stock Exchange and must be registered with the China Securities Depository and Clearing Corporation [4][20]. 4. Payment and Transaction Arrangement - The total transfer price will be paid in four installments, with the first payment of 10% due upon the announcement, followed by subsequent payments tied to specific milestones [10][11]. 5. Lock-up Commitment - Tianyang Technology commits not to reduce its holdings for 12 months following the completion of the share transfer [18][19].