Shandong International Trust to transfer fund interests to parent subsidiaries

Shandong International Trust Co., Ltd. announced on September 12, 2025, that it has conditionally agreed to sell its interests in Parent Fund and Wanhe Fund to Lucion Venture Capital and Shandong High-Tech, respectively. The Parent Fund interests will be transferred for RMB166.3849 million, and the Wanhe Fund interests for RMB37.1588 million. Both Lucion Venture Capital and Shandong High-Tech are subsidiaries of Lucion Group, the company's controlling shareholder.

The transfers are classified as disclosable transactions, requiring reporting, announcement, and independent shareholders' approval. The gross proceeds of RMB203.5437 million, with estimated net proceeds of RMB196.4369 million after costs and taxes, will be used to supplement the company's operating capital and improve financial and regulatory indicators.

The company expects no gain or loss from these transfers, subject to audit. Upon completion, Shandong International Trust will no longer hold any interest in Parent Fund or Wanhe Fund, which will assist in fulfilling regulatory requirements for the clean-up and rectification of non-financial subsidiaries of trust companies.