Core Viewpoint - The company announced that its subsidiary, Wuxi Chulai, will undergo a share transfer where minority shareholder Jiang Hulin will sell 2.06% of his shares to Zibo Zhuoyiyi Investment Partnership, aimed at incentivizing employees and enhancing performance [1] Group 1: Share Transfer Details - Jiang Hulin holds a 10.00% stake in Wuxi Chulai and plans to transfer 2.06% of his shares to Zibo Zhuoyiyi [1] - Zibo Zhuoyiyi was established to create a long-term employee stock ownership plan for core management and technical personnel [1] - The company has decided to waive its right of first refusal regarding this share transfer, based on strategic considerations and board approval [1] Group 2: Company Control and Reporting - After the share transfer, the company will retain a 36.00% stake in Wuxi Chulai and control 55% of the voting rights [1] - The company will continue to hold more than half of the board seats at Wuxi Chulai, ensuring it remains a controlled subsidiary [1] - Wuxi Chulai will continue to be included in the company's consolidated financial statements [1]
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