Transsion Holdings completes major share transfer to institutional investors

CITIC Securities Company Limited announced the successful completion of an inquiry-based share transfer for Shenzhen Transsion Holdings, involving 22,807,011 shares at a price of CNY 81.81 per share, totaling CNY 1,865,841,569.91. The transfer was initiated by Shenzhen Transsion Investment Co., Ltd., the controlling shareholder, to 20 qualified institutional investors.

This transaction follows a previous passive dilution in October 2024 due to a restricted stock incentive plan. As a result of both the passive dilution and the recent transfer, Shenzhen Transsion Investment’s stake in the company has decreased from 49.64% to 47.15%, triggering a 1% integer multiple change in its equity ratio.

The transfer process, guided by CITIC Securities, ensured fairness and compliance with relevant regulations, including the Shanghai Stock Exchange's STAR Market rules. All 20 institutional investors receiving shares are subject to a six-month lock-up period. This event marks a notable change in the ownership structure of Shenzhen Transsion Holdings but does not alter the company's controlling shareholder or actual controller.