Zhuzhou Hongda Electronics Corp.,Ltd. (300726.SZ) announced on November 18 that Zhuzhou Hongda Magnetoelectric Technology Co., Ltd. (hereinafter referred to as 'Hongda Magnetoelectric') is a subsidiary controlled by the company. The company has decided to acquire 2.57% of the shares held by Ms. Liang Xuefei, one of the minority shareholders of Hongda Magnetoelectric, at a price of RMB 4.283205 million. Other minority shareholders have waived their preemptive rights. Among the other minority shareholders, Mr. Xu Qianjun is a director and vice general manager of the company, a related natural person of the company. Mr. Xu Qianjun's waiver of preemptive rights in this transaction constitutes a related party transaction.
Zhuzhou Huayi Microwave Technology Co., Ltd. (hereinafter referred to as 'Huayi Microwave') is a subsidiary controlled by the company. The company has decided to acquire 3% of the shares held by Ms. Liang Xuefei, one of the minority shareholders of Huayi Microwave, at a price of RMB 0.4374 million. Other minority shareholders have waived their preemptive rights. Among the other minority shareholders, Mr. Xu Qianjun is a director and vice general manager of the company, a related natural person of the company. Mr. Xu Qianjun's waiver of preemptive rights in this transaction constitutes a related party transaction.
