Cinda Asset Management: Controlling shareholder to transfer shares

China Cinda Asset Management (HKEX: 1359) announced that its controlling shareholder, the Ministry of Finance of the People's Republic of China (MOF), intends to gratuitously transfer 22,137,239,084 domestic shares, representing approximately 58% of the company's total issued shares, to Central Huijin Investment Ltd. ("Huijin"). Following the transfer, the MOF will no longer hold any shares in Cinda Asset Management, and Huijin will become the controlling shareholder. The company will remain a state-owned financial institution.