Nanjing Aolian Ae&Ea Co LtdControl change: 21.2% stake transfer for ~700M yuan, controlling shareholder and actual controller to change to Chen Yang.

After a two-day trading halt, Aolian Electronics has officially unveiled its control change plan. Controlling shareholder Guangxi Ruiying Asset Management plans to transfer 21.2% of the company's shares via agreement for approximately 700 million yuan, and trading in the company's stock will resume from market open on September 24. According to an announcement on the evening of September 23, Ruiying Asset signed a share transfer agreement on September 21 with Juntu Tianze Wuxi Investment Partnership, transferring 27.72 million shares, or 16.20% of total share capital, at 19.29 yuan per share for a consideration of approximately 535 million yuan. On the same day, it signed an agreement with Quzhou Xin'an Guanghe Industrial M&A Equity Fund Partnership to transfer approximately 8.5556 million shares, or 5% of total share capital, also at 19.29 yuan per share for a consideration of 165 million yuan. The combined consideration of the two agreements totals approximately 699.6 million yuan. After the transaction is completed, the company's controlling shareholder will change from Ruiying Asset to Juntu Tianze, and the actual controller will change from Qian Mingfei to Chen Yang, who is the executive partner of Juntu Tianze. Juntu Tianze has pledged not to transfer the listed company shares acquired in this transaction for 60 months from the date of transfer registration, and not to pledge them for 36 months. The transferor Ruiying Asset has also pledged not to seek control after the transaction is completed, and not to directly or indirectly transfer its remaining shares for 36 months. Juntu Tianze also stated that it has no plans to make major changes or adjustments to the listed company's main business within the next 12 months, and pledged not to inject related-party assets into the listed company through major asset restructuring for 36 months from the completion date of the transaction. This equity change still requires compliance confirmation from the Shenzhen Stock Exchange and completion of share transfer registration, and there remains uncertainty as to whether the transaction will be completed.
Nanjing Aolian Ae&Ea Co LtdControl change: 21.2% stake transfer for ~700M yuan, controlling shareholder and actual controller to change to Chen Yang.
Controlling shareholder Ruiying Asset sells 21.2% stake for ~700M yuan and pledges not to seek control afterward.
Quzhou Xin'an Guanghe fund agrees to acquire 5% of Aolian Electronics for ~165M yuan.