Transsion Holdings' major shareholder reduces stake in share transfer

Shenzhen Transsion Investment Co., Ltd. (Transsion Investment), the controlling shareholder of Shenzhen Transsion Holdings, has completed an inquiry-based transfer of 22,807,011 shares at a price of CNY 81.81 per share. This transaction represents approximately 2.00% of the company's total share capital. The transfer results in Transsion Investment's stake decreasing from 49.64% to 47.15%, triggering a change of a 1% integer multiple in its equity ownership.

This latest adjustment follows a previous passive dilution in October 2024, when Transsion Investment's holding was reduced from 49.64% to 49.15% due to the registration of shares from the 2022 restricted stock incentive plan. Despite these changes, the company confirmed that the transfers will not alter the controlling shareholder or actual controller of Shenzhen Transsion Holdings.

The inquiry-based transfer attracted significant interest, with 31 valid bids received from 426 institutional investors, including fund management companies, securities firms, insurance institutions, and qualified foreign institutional investors. Ultimately, 20 investors were allocated shares. The transfer process adhered to regulatory requirements, ensuring fairness and transparency, as confirmed by CITIC Securities Co., Ltd.