Shandong Tongda Island New Materials Co LtdTermination of the share transfer and change-of-control deal leaves controlling shareholder unchanged, a corporate/ownership event with no clear positive or negative impact.

After market close on September 30, Tongda Shares announced that, due to changes in the conditions for the share transfer and failure to reach agreement after multiple rounds of negotiation, controlling shareholder Weifang Municipal Financial Holdings Group and largest shareholder Shandong Tongda Group decided to terminate the share transfer and change of control. Under the original plan, Weifang Financial Holdings and Tongda Group were each to transfer 8.88 million shares, representing 10.00% of total share capital, to Qingdao Zhuoyue Mingliang New Materials Technology Partnership at prices of 31.00 yuan per share and 28.00 yuan per share respectively, later adjusted to 28.10 yuan per share. After completion, Qingdao Zhuoyue Mingliang would hold a combined 20.00% stake, with the controlling shareholder changing to Qingdao Zhuoyue Mingliang and the actual controller changing to Bai Yibo. Tongda Group also planned to transfer 7.5342 million shares, representing 8.4844% of total share capital, to Jinan Baoxin Investment Partnership at 35.344 yuan per share. As of the announcement date, the above agreed share transfers had not yet completed registration, the shareholdings of all parties remained unchanged, and the relevant share transfer agreements had been formally terminated. The company's controlling shareholder remains Weifang Financial Holdings, and the actual controller remains the Weifang Municipal Government Investment and Financing Management Center. The company stated that this termination will not have a material adverse impact on normal production, operations, or financial condition. In terms of performance, in the first half of 2026 the company achieved operating revenue of 168 million yuan, down 13.98% year on year, and net profit attributable to shareholders of the listed company of 4.3924 million yuan, down 47.62% year on year.
Shandong Tongda Island New Materials Co LtdTermination of the share transfer and change-of-control deal leaves controlling shareholder unchanged, a corporate/ownership event with no clear positive or negative impact.