After market close on September 30, Sailun Tire announced that a concert party of the company's actual controller Yuan Zhongxue plans to donate 37.86 million company shares free of charge to the Qingdao University of Science and Technology Education Development Foundation. The donors Yuming Investment, Ruiyuan Dingshi, Yang Dehua, and Yuan Song signed a Share Donation Agreement on September 30, 2026, donating 19.352 million, 12.2 million, 4.008 million, and 2.3 million unrestricted tradable shares respectively, totaling 1.15% of the company's total share capital. Based on the closing price of 13.24 yuan on September 30, the donated shares are worth about 501 million yuan. After the donation, the actual controller and concert parties' combined shareholding will decrease from 26.30% to 25.15%. The announcement stated that this donation will not change the company's actual controller, nor will it affect the corporate governance structure or ongoing operations. The recipient has committed not to reduce holdings within six months after transfer. Future reductions will be calculated together with the reduction quotas of Yuan Zhongxue and his concert parties. Proceeds generated after the donated shares are transferred and funds from future reductions will be used to support infrastructure construction, first-class discipline development, and talent cultivation at Qingdao University of Science and Technology.
Sailun Jinyu Group Co LtdConcert parties of the actual controller donate 37.86 million shares (1.15% of capital) to a university foundation, cutting combined holdings from 26.30% to 25.15% without changing control or operations.
