Xinjiang Talimu Agriculture Development sees controlling shareholder change

Xinjiang Talimu Agriculture Development announced that its controlling shareholder, Alar City State-owned Capital Investment and Operation Group Co., Ltd., will transfer its 40.32% equity stake (153,815,575 shares) to Xinjiang Talimu Agriculture Reclamation Group Co., Ltd. This gratuitous equity transfer will not involve any acquisition consideration, with a transfer base date of December 31, 2024.

Following the transfer, Xinjiang Talimu Agriculture Reclamation Group Co., Ltd. will become the new controlling shareholder, directly holding 40.32% of the company's total share capital. The actual controller of the company will remain unchanged, continuing to be the First Division State-owned Assets Supervision and Administration Commission of Xinjiang Production and Construction Corps. The transfer is exempt from a tender offer.

The company's 2025 semi-annual report, approved on August 29, 2025, indicates a net profit attributable to shareholders of RMB18,936,433.94 for the first half of 2025. This represents a decrease of 61.47% compared to the same period in the previous year. Basic earnings per share were RMB0.0496, also down 61.49%. No profit distribution or capital reserve capitalization plans were approved for the reporting period.