Yongshan Lithium Industry (603399.SH) announced that on November 13, 2024, the company received a...
According to Zhitong Finance APP, Yongshan Lithium Industry (603399.SH) announced that on November 13, 2024, the company received the "Execution Ruling" from the People's Court of Linghai City, Liaoning Province delivered by Pingtan Yongrong Zhisong Investment Co., Ltd. (referred to as “Yongrong Zhisong")【(2024) Liao 0781 Zhi 1444, (2024) Liao 0781 Zhi 1445】. The main content is: The 0.102 billion shares of Yongshan Lithium Industry (stock code: 603399, stock category: unrestricted tradable stocks) originally registered under the executed party Ningbo Jutai Investment Management Co., Ltd. belong to the buyer Pingtan Yongrong Zhisong Investment Co., Ltd. The corresponding pledge rights and other certificates for the above stocks are rendered invalid, the original freezing effect of the stocks is extinguished due to the execution auction, and the ownership and other property rights of the stocks are transferred to the buyer upon delivery of this ruling; the buyer can take this ruling to the relevant management department to handle the transfer registration formalities.
This equity change does not trigger a tender offer. After this equity change is completed, Yongrong Zhisong will hold 19.79% of the company’s shares. The actual controller of Yongrong Zhisong is Wu Huaxin. Given that Shanghai Steelstone has waived its voting rights corresponding to the 53.5164 million shares of Yongshan Lithium Industry it held, the company's controlling shareholder will change to Yongrong Zhisong, and the actual controller of the company will change to Wu Huaxin. This equity change will result in a change in the company's control, which will have a significant impact on the company's equity structure and corporate governance.
