CSD Water Service(SH:603903) Shang Hai Zheng Quan Bao·2026-02-02 19:03Core Viewpoint - The announcement details the approval of a share transfer agreement involving a major shareholder of Zhongzhi Water Co., Ltd., which will result in a change of control to a new major shareholder, Jiangsu Xinchangzheng Microelectronics Group Co., Ltd. [2][4] Group 1: Transaction Overview - Zhongzhi Water Co., Ltd. is undergoing a share transfer where its major shareholder, Changjiang Ecological Environmental Group Co., Ltd., will transfer all of its 63,132,978 shares, representing 24.73% of the total share capital, to Jiangsu Xinchangzheng Microelectronics Group Co., Ltd. [3] - The share transfer price is set at RMB 9.20 per share, totaling approximately RMB 580.82 million [3]. - Following the completion of this transfer, Changjiang Ecological Environmental Group will no longer hold shares in the company, and Jiangsu Xinchangzheng will become the largest shareholder and the controlling entity [3]. Group 2: Progress of the Transaction - The company has received notification that the China Three Gorges Corporation has approved the share transfer plan and the effectiveness of the share transfer agreement [4]. - The transaction is still subject to compliance confirmation by the Shanghai Stock Exchange and the completion of registration procedures with the China Securities Depository and Clearing Corporation [5]. Group 3: Additional Information - The completion of the transaction remains uncertain until all regulatory approvals and procedures are finalized [5].