On November 26th, 2024, Sino Prima Gas Technology (Shanghai) Co., Ltd., announced that its controlling shareholder, Ganzhou Heide Investment Partnership Enterprise (limited partnership) (hereinafter referred to as "Heide Investment"), signed an Equity Transfer Agreement on Sino Prima Gas Technology (Shanghai) Co., Ltd. with Liu Qingli, agreeing that Heide Investment will transfer all of its unlimited sale condition shares held in the listed company, totaling 27,216,000 shares (10.29% of the total share capital) (the total share capital refers to the total share capital of the company as of September 30, 2024, excluding the quantity of shares in the repurchase special account, with a specific quantity of 264,576,595 shares. The same below), and all related shareholder rights and obligations derived therefrom to the assignee Liu Qingli. After the completion of the share transfer delivery and registration, Heide Investment will no longer hold company shares, and Liu Qingli will hold 27,216,000 shares of the company (10.29% of the total share capital).
On November 26, 2024, Shanxi Huijing, Liu Qingli, and Liu Jinli signed a "Joint Action Agreement," agreeing that the three parties will maintain consistent actions at the listed company level.
This equity change does not involve a tender offer. After this transfer is completed, the company's controlling shareholder and actual controller will undergo changes. The company's controlling shareholder will change to Liu Qingli, Shanxi Huijing, and their concerted actor Liu Jinli, and the actual controller will change to Liu Qingli and Liu Jinli. This transaction will not have any adverse effects on corporate governance or ongoing operations.
