On November 14, 2023, changzhou shenli electrical machine incorporated (603819.SH) announced that on November 14, 2024, the company's controlling shareholder and actual controller Mr. Chen Zhongwei (referred to as "Party A" or "Transferor") signed a framework agreement on the share transfer of changzhou shenli electric machine incorporated with liaoning weishu enterprise management co., ltd. (referred to as "Party B1" or "Transferee") and guangzhou kangqi asset management center (limited partnership) (referred to as "Party B2" or "Transferee").
Party A agrees to transfer 47,900,000 freely tradable shares of the listed company it holds to Party B1 and Party B2, accounting for 22.00% of the total share capital of the listed company. The transferees agree to accept the symbol shares held by the transferor. Among them, Party A transfers 32,650,000 shares (accounting for 15.00% of the total shares of the listed company) to Party B1, and Party A transfers 15,250,000 shares (accounting for 7.00% of the total shares of the listed company) to Party B2.
All parties confirm that in principle, the share transfer price is based on the overall valuation of the listed company at 2.7 billion yuan (in RMB), tentatively set at 12.40 yuan per share (rounded off). The total transfer price for this transaction is approximately 0.594 billion yuan, and the specific transfer price shall be based on the agreement reached in the formal share transfer agreement signed by both parties. In principle, the transfer price shall not be adjusted upward.
The company has applied to the shanghai stock exchange, and the company's stocks will resume trading at the market opening on November 15, 2024 (Friday) morning.