Core Viewpoint - The financial advisor, Guotai Junan Securities Co., Ltd., has issued a verification opinion on the detailed equity change report of Honghe Technology Co., Ltd., confirming the legality and compliance of the equity change process and the financial advisor's independence and objectivity [2][3][5]. Group 1: Equity Change Overview - The equity change involves the acquisition of 59,159,978 shares of Honghe Technology, representing 25.00% of the total share capital, by Ruicheng Fund [21][22]. - The total transfer price for the shares is approximately RMB 1,574,998,346.30, at a price of RMB 26.6227 per share [27]. Group 2: Financial Status of the Disclosing Obligor - As of the date of the verification opinion, Ruicheng Fund's total assets are RMB 9,174.14 million, with total liabilities of RMB 836.39 million and total equity of RMB 8,337.75 million [18]. - The net profit for the year 2024 is reported at RMB 2,462.26 million, with a return on equity of 29.53% [18]. Group 3: Compliance and Regulatory Aspects - The disclosing obligor has confirmed that it does not have any direct or indirect holdings in other listed companies that exceed 5% of their issued shares [15][16]. - The disclosing obligor and its controlling shareholder have not undergone any changes in the last two years [17]. Group 4: Future Plans and Governance - The disclosing obligor does not plan to change the main business of the listed company or make significant adjustments within the next 12 months [28]. - There are no plans for major changes to the existing employee structure or significant adjustments to the company's dividend policy following the equity change [30].

达刚控股集团股份有限公司 详式权益变动报告书（第三次修订稿） 达刚控股集团股份有限公司 上市公司名称：达刚控股集团股份有限公司 股票上市地点：深圳证券交易所 股票简称：达刚控股 股票代码：300103 信息披露义务人一：上海曼格睿企业管理合伙企业（有限合伙） 住所：上海市崇明区新海镇星村公路 700 号（上海新海经济开发区） 通讯地址：浙江省嘉兴市南湖区嘉兴智慧创业园 9 号楼 B 座 501 室 信息披露义务人二：陈可 住所：浙江省嘉兴市秀洲区**** 通讯地址：浙江省嘉兴市秀洲区**** 一致行动人：孙建西 住所：西安市雁塔区**** 通讯地址：陕西省西安市高新区**** 一致行动人：李太杰 住所：西安市雁塔区**** 通讯地址：陕西省西安市高新区**** 权益变动性质：增加（协议转让、表决权委托） 签署日期：二〇二五年六月五日 达刚控股集团股份有限公司 详式权益变动报告书（第三次修订稿） 修订说明 信息披露义务人已于 2024 年 10 月 28 日公告了《达刚控股集团股份有限公司详式权 益变动报告书》，并于 2024 年 11 月 20 日公告了《详式权益变动报告书（修订稿）》、 于 2024 年 1 ...

Core Viewpoint - The report outlines the equity changes of Chongqing Chuan Yi Automation Co., Ltd., indicating a reduction in shares through a transfer agreement and voting rights delegation, leading to a change in control of the company [1][2]. Group 1: Equity Change Details - The equity change involves a reduction in shares through an agreement transfer and voting rights delegation, signed in May 2025 [1]. - The equity change is subject to necessary approvals as per relevant laws and regulations, with some uncertainty regarding the approval timeline [2]. - The report confirms that the information disclosed is comprehensive and that no additional shares have been acquired or disposed of outside the report [2]. Group 2: Parties Involved - The information disclosing parties include China Four Link Instrument Group Co., Ltd. and Chongqing Yufu Holding Group Co., Ltd., with Chongqing Water Environment Holding Group Co., Ltd. acting as a concerted party [1][2]. - China Four Link Instrument Group has a registered capital of 2 billion RMB and is involved in various industrial automation and environmental equipment sectors [6]. - Chongqing Yufu Holding Group has a registered capital of 1.68 billion RMB and is a state-owned enterprise focused on investment and asset management [7]. Group 3: Shareholding Structure - After the equity change, the controlling shareholder will be Guo Ji Instrumentation, which will hold 29.91% of the voting rights in Chuan Yi Automation [14]. - The shareholding structure indicates that Four Link Group will reduce its holdings from 30.09% to 10.83%, while Yufu Holding will delegate its voting rights to Guo Ji Instrumentation [14]. - The report details the shareholding percentages before and after the equity change, highlighting the shift in control [14]. Group 4: Purpose of Equity Change - The purpose of the equity change is to optimize state-owned capital layout and enhance the development of the instrument and automation industry [12]. - The transaction aims to improve national strategic capabilities and accelerate the advancement of high-end manufacturing [12]. Group 5: Future Plans - The parties involved plan to transfer at least 10% of their shares in Chuan Yi Automation to Guo Ji Instrumentation within the next twelve months [13]. - The report indicates that the parties will comply with legal requirements for timely information disclosure regarding any future share changes [13].