Songyang Resources halts trading amid control change plans

Guangdong Songyang Recycle Resources Co., Ltd. [SSE:603863] announced a trading halt effective June 27, 2025, as the company's controlling shareholder and actual controller, Wang Zhuangpeng, is planning a share transfer that may lead to a change of control. The company expects the suspension to last no more than two trading days. Songyang Resources cautions investors about potential uncertainties surrounding the transfer and advises them to pay attention to subsequent announcements.