On September 23, Geelong announced that, due to personal asset allocation needs, Mr. Zhou Haijiang, the controlling shareholder of Jiangsu Hongdou Industrial (600400.SH), intends to transfer the remaining 10.1 million shares of unrestricted tradable shares (0.44% of the total share capital) held by his sole owner of Qiyuan Navigation No.1 through block trading to his own name.
The equity changes involved in this plan are internal transfers of shares among the company's controlling shareholders' concerted actors, not involving reduction of holdings to the market, not triggering a tender offer, not resulting in a change in the total shareholding quantity or percentage of the company's controlling shareholders and concerted actors, nor will it lead to changes in the company's controlling shareholders and actual controller.
