Gelonghui, May 30, 丨 Wanlong Optoelectronics (300710.SZ) announced that Qianquan Technology, the majority shareholder of the company, and Mr. Fu Xiaotong signed the “Framework Agreement between Hangzhou Qianquan Technology Partnership (Limited Partnership) and Fu Xiaotong on the transfer of shares of Hangzhou Wanlong Optoelectronics Co., Ltd.”, agreeing that Qianquan Technology will transfer its total shares held by Fu Xiaotong through an agreed transfer of 5,190,798 shares (accounting for 5.22% of the company's total share capital).
There is still uncertainty about whether this transaction can be finally implemented. For example, Qianquan Technology, Hainan Lianmin Investment Partnership (Limited Partnership), “Hangzhou Qianquan Technology Partnership (Limited Partnership), Hainan Lianmin Investment Partnership (Limited Partnership), Fu Xiaotong and Lei Qianguo's Voting Rights Entrustment and Concerted Action Agreement between Fu Xiaotong and Lei Qianguo on Hangzhou Wanlong Optoelectronics Equipment Co., Ltd. will be terminated, and the actual controller of the company will be changed to Mr. Fu Xiaotong.