Core Viewpoint - *ST Huamei (600360) is taking steps to address the risk of delisting due to fund occupation by planning a transfer of shares held by its controlling shareholder, Shanghai Pengsheng, which may lead to a change in company control [1] Group 1 - The company has announced that its stock has been suspended from trading since June 19, 2025, with an expected suspension period not exceeding 2 trading days [1] - As of the announcement date, the share transfer matter is still in the planning stage, and the company anticipates it will not be able to resume trading on June 23, 2025, leading to an extended suspension period not exceeding 3 additional trading days [1]

Overview of the Share Transfer - The controlling shareholder, Yunnan Luoping Zinc Electric Co., Ltd. (referred to as "Zinc Electric"), is transferring 72,427,600 shares, accounting for 22.3960% of the total share capital of the company, to Qujing Development Investment Group Co., Ltd. (referred to as "Qujing Investment") [1][2] - After the transfer, Zinc Electric will retain 16,170,000 shares, representing 5.0001% of the total share capital [1][2] Transaction Details - The transaction price is set at 6.471 yuan per share, based on the higher value among the weighted average price over the last 30 trading days, the audited net asset value per share, and 90% of the closing price on the trading day before the agreement was signed [2][8] - The total transaction amount is approximately 468,678,999.60 yuan [2][8] Purpose and Background of the Transfer - The transfer aims to meet asset management needs and introduce strategic investors to enrich the shareholder structure of the listed company [2][3] Approval Procedures - The transfer requires approval from relevant state-owned asset regulatory authorities, compliance review by the Shenzhen Stock Exchange, and necessary antitrust filings [3][8] Parties Involved - The transferor, Zinc Electric, is the controlling shareholder with a stake of 27.3961% prior to the transfer [2] - The transferee, Qujing Investment, is involved in various investment and management activities related to infrastructure and key projects authorized by the municipal government [4][6] Shareholder Structure Post-Transfer - Following the completion of the transfer, Qujing Investment will become the controlling shareholder of the company [2][3] Management Changes - The transfer agreement includes provisions for the reorganization of the board of directors and management team within five working days after the transfer is completed [18][19] - The new board will consist of nine directors, including at least four non-independent directors and three independent directors nominated by Qujing Investment [19] Shareholding Restrictions - Zinc Electric commits to not transferring its remaining shares for 60 months post-transfer, except to entities controlled by the local state-owned assets supervision authority [20]

Core Viewpoint - The announcement details the transfer of shares by a major shareholder, Wu Jiangnian, of Chengdu Kunheng Shunwei Technology Co., Ltd., to two asset management plans managed by Minsheng Securities, which will not change the company's control structure [2][3][17]. Summary by Sections Share Transfer Overview - Wu Jiangnian plans to transfer a total of 24,339,106 shares, representing 19.98% of the company's total equity, through agreements with Minsheng Securities [2][3]. - The shares will be divided into two parts: 18,249,106 shares (14.98%) to the Minsheng Securities Tianyi Select Private 2 Asset Management Plan and 6,090,000 shares (5.00%) to the Minsheng Securities Tianyi Flexible Allocation 6 Collective Asset Management Plan, both at a price of 21.7 yuan per share [2][3][5]. Background and Purpose of the Transfer - The transfer is motivated by Wu Jiangnian's family asset planning needs and funding requirements [5][17]. - The transfer to the Tianyi Select Private 2 plan is considered an internal transfer as Wu Jiangnian is both the holder and beneficiary of this plan [5][14]. Approval and Compliance - The transfer requires compliance confirmation from the Shanghai Stock Exchange and must complete the share transfer registration with the China Securities Depository and Clearing Corporation [3][19]. - The transfer will not result in a change of the company's largest shareholder or actual controller [3][17]. Parties Involved - Wu Jiangnian is the transferor, while Minsheng Securities acts on behalf of the two asset management plans as the transferee [6][8]. - The Tianyi Select Private 2 plan is a single asset management product fully owned by Wu Jiangnian, while the Tianyi Flexible Allocation 6 plan involves other market investors [8][14]. Agreement Details - The share transfer agreements include clauses on payment, compliance with regulations, and the responsibilities of both parties [9][13]. - The total transfer price for the shares to the Tianyi Select Private 2 plan is 396,005,600.20 yuan, while the price for the Tianyi Flexible Allocation 6 plan is 132,153,000.00 yuan [3][9]. Other Arrangements - An action agreement has been signed between Wu Jiangnian and the Tianyi Select Private 2 plan, establishing them as acting in concert [14][15]. - The transfer does not involve any arrangements for price guarantees, shareholding proxies, or other similar agreements [16].