Lifan Technology (601777.SH) announced that it has signed a Chongqing Manjianghong equity investment fund partnership (limited partnership) property share transfer agreement with Chongqing Jianghe Hui Enterprise Management Co., Ltd. (referred to as "Jianghe Hui"), Chongqing Huili No. 1 Enterprise Management Partnership Enterprise (Limited Partnership) (referred to as "Huilan No. 1"), Chongqing Huili No. 2 Enterprise Management Partnership Enterprise (Limited Partnership) (referred to as "Huilan No. 2") and Zhejiang Geely Industry Investment Holding Co., Ltd. (referred to as "Geely Industry Investment"). It plans to transfer a total of 29.9387% property shares of the Manjianghong fund held by Geely Industry Investment, among which Jianghe Hui plans to transfer 19.8675% property shares for 762 million yuan, Huilai No. 1 plans to transfer 3.3113% property shares for 127 million yuan, Huilai No. 2 plans to transfer 6.7599% property shares for 259.27 million yuan, and the total transfer price is 1.148 billion yuan.

Limited partners Chongqing Liangjiang New Area Industrial Development Group Co., Ltd. (referred to as "Liangjiang Industry Group"), Jiaxing Julizhan Industry No. 3 Equity Investment Partnership Enterprise (Limited Partnership) (referred to as "Julizhan No. 3") and Geely Industry Investment signed the Chongqing Manjianghong equity investment fund partnership (limited partnership) property share transfer agreement. It plans to transfer a total of 21% property shares of Manjianghong fund held by Geely Industry Investment, among which Liangjiang Industry Group plans to transfer 12.8195% property shares for 491.6974 million yuan, Julizhan No. 3 plans to transfer 8.1805% property shares for 313.7652 million yuan, and the total transfer price is 805.4626 million yuan.

In addition, on July 1, 2024, Geely Technology Group Co., Ltd. (referred to as "Geely Technology") and Chongqing Jianghe Shunsui Enterprise Management Co., Ltd. (referred to as "Jianghe Shunsui") signed a shareholder transfer agreement, stipulating that Geely Technology will transfer 100% equity of Jianghe Hui to Jianghe Shunsui. The equity transfer and the property share transfer agreement No. 2 constitute a package transaction and are mutually dependent and simultaneously implemented. After the completion of the property share transfer, Julizhan No. 3, Jianghe Hui, Huilai No. 1, and Huilai No. 2 will no longer hold the property shares of Manjianghong fund. The proportion of Manjianghong fund property shares held by Liangjiang Industry Group is 36.1805%, and the proportion held by Geely Industry Investment is 50.9387%.

After the limited partner share transfer of Manjianghong Fund, the quantity and proportion of the company's shares held will not change, and it will not cause changes to the company's controlling shareholder and actual controller. The controlling shareholder of the company is still Manjianghong Fund, and the actual controller is still Chongqing Manjianghong Enterprise Management Co., Ltd.