Group 1 - The company plans to enter into agreements with Lushin Chuangtou and Shandong High-tech for the transfer of fund shares, which will involve conditional agreements for the sale and purchase of shares in the mother fund and Wanhua Fund [1] - According to the mother fund transfer agreement, Lushin Chuangtou intends to acquire shares worth RMB 1.82 billion, representing 18.2% of the total shares, for a consideration of approximately RMB 1.66 billion [1] - Under the Wanhua Fund transfer agreement, Shandong High-tech intends to acquire shares worth RMB 40 million, representing 8.0% of the total shares, for a consideration of RMB 37.1588 million [1] Group 2 - The company is in a critical phase of deepening reforms and promoting business transformation, and the proposed transfer of fund shares will effectively convert asset forms and recover monetary funds from existing equity assets [1] - This transaction aims to enhance the company's cash flow from operating activities, improve overall financial conditions, optimize asset structure, and increase core net capital scale, thereby strengthening the risk defense system [1] - Following the proposed fund share transfer, the company will effectively complete the regulatory rectification requirements, aligning its investment direction with regulatory guidance and refocusing on its core trust business [2]

Group 1 - The position of chairman at Shanghai Trust is expected to change, with Zhang Baoquan, a staff supervisor from Shanghai Pudong Development Bank, being the recommended candidate [1] - As of May 8, 2023, 15 trust companies have experienced executive changes this year, with four companies undergoing changes in their top leadership positions [1][2] - The frequent changes in leadership are attributed to a tightening regulatory environment and pressures for business transformation within the trust industry [2][3] Group 2 - Among the new executives in the trust companies, a significant portion has extensive banking experience, with 12 out of 28 new top executives having backgrounds in the banking sector [3][4] - The presence of banking veterans in leadership roles is seen as beneficial for trust companies, providing them with additional resources and support for innovative business transformations [4] - The trend of executive changes is viewed as a strategic move by trust companies to accelerate their business transformation and adapt to the evolving market environment [4]