Gelonghui, March 11 | Huafeng Co., Ltd. (002806.SZ) announced that the company's wholly-owned subsidiary, Zhaoqing Gaoyao District Huafeng Electronic Aluminum Foil Co., Ltd. (“Gaoyao Huafeng” or “wholly-owned subsidiary” or “Party A”) plans to sell 1.235% of its shares in Shenzhen Qingyan Electronic Technology Co., Ltd. (“Qingyan Electronics” or “Target Company” for short) to Shenzhen Lihe Venture Capital Co., Ltd. (“Lihe Chuangye” or “Party B” for short).
After friendly negotiations, parties A and B signed the “Equity Transfer Agreement” on the transfer of 1.235% of the shares of Qingyan Electronics from Party A to Party B (corresponding registered capital of 17998.52 million yuan, paid 17998.52 million yuan, unpaid 0.0,000 yuan). The transaction price of this share sale and the details of the agreement shall be subject to the final actual signed agreement, and the company will promptly fulfill its obligation to disclose information according to the actual progress of the transaction. After the equity transfer was completed, Gaoyao Huafeng still held 12.4887% of the shares in Qingyan Electronics.