Gelonghui, September 12 | West Shanghai (605151.SH) announced that the Hunan New Materials Industry Venture Capital Fund Enterprise (Limited Partnership) (“New Material Venture Capital”), a shareholder of the company's holding subsidiary, Wuhan Yuanfeng Auto Parts Co., Ltd. (“Wuhan Yuanfeng”) plans to transfer 16.599% of its shares in Wuhan Yuanfeng through a public listing transfer through the Hunan Joint Stock Exchange (referred to as “Hunan Stock Exchange”). The reserve price for the listing and transfer is 40.4601 million yuan.
The Shanghai Chengjiaji Enterprise Management Service Partnership (Limited Partnership) (referred to as the “Follow-up Investment Platform”) formed by the company's core management team plans to delist and subscribe for 16.599% of Wuhan Yuanfeng's shares, and the company relinquishes priority subscription rights for Wuhan Yuanfeng's current share transfer. After the transaction was completed, Wuhan Yuanfeng was still a holding subsidiary of the company, and there was no change in the scope of the company's consolidated statements.
