Elegant Home Tech's controlling shareholder, Zhangjiagang Bohua Enterprise Management, plans to transfer a 20 percent stake in the company through an agreement to Zhao Ming and Hangzhou Bainian Qinshu Own Funds Investment Partnership. Specifically, 36.681 million shares, representing 15 percent of the total share capital, will be transferred to Zhao Ming, and 12.227 million shares, representing 5 percent, will be transferred to Hangzhou Bainian Qinshu Own Funds Investment Partnership. The transfer price is 9.279 yuan per share, which is 90 percent of the closing price on the trading day before the agreement was signed, with a total consideration of 454 million yuan. This equity change does not trigger a mandatory tender offer, does not constitute a related-party transaction, and will not result in a change of the company's controlling shareholder or actual controller.
Zhangjiagang Elegant Home Tech Co LtdControlling shareholder plans to transfer 20% stake at 90% of market price; no change in control, no mandatory offer.