Huayang Group's controlling shareholder plans equity transfer, may change ownership to Mianyang state capital

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Huizhou Huayue Investment Co., Ltd., the controlling shareholder of Huayang Group, is planning to transfer its shares to Sichuan Jiuzhou Investment Holding Group Co., Ltd., which may lead to a change in the company's controlling shareholder and actual controller. Trading in the company's shares will be suspended from tomorrow. The transaction ratio, price, and payment arrangements have not yet been disclosed, and all parties are still in discussion and negotiation. Jiuzhou Group is 74.69% owned by the Mianyang State-owned Assets Supervision and Administration Commission, 17.01% by the China Development Bank Manufacturing Transformation and Upgrading Fund, and 8.3% by the Sichuan Provincial Department of Finance. If the transaction succeeds, Huayang Group will become the third A-share listed company under Jiuzhou Group. More than ten days before the announcement, Huayang Group's controlling shareholder had just completed a name change and relocation, changing its name from Jiangsu Huayue Investment Co., Ltd. to Huizhou Huayue Investment Co., Ltd., and moving its registered address from Nanjing to Huizhou. As of the end of the first quarter of 2026, Huizhou Huayue held 271 million shares of Huayang Group, representing a 51.60% stake, and the company's actual controllers were Zou Ganrong and seven other individuals acting jointly through a concert party agreement. In the first quarter of 2026, Huayang Group achieved revenue of 3.096 billion yuan, up 24.37% year on year, and net profit attributable to the parent of 166 million yuan, up 6.61% year on year.

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Huizhou Huayue Investment Co., Ltd.Private± Mixed
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As controlling shareholder, Huizhou Huayue is transferring shares; impact depends on terms.

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