HangKe Technology controlling shareholder completes stake transfer

Zhejiang HangKe Technology's controlling shareholder, Cao Ji, and his concerted parties, have completed an inquiry transfer of 7,807,000 shares at a price of 28.61 yuan per share. This transaction represents a 1.2933% stake in the company. Following this transfer, the collective shareholding of Cao Ji and his concerted parties will decrease from 67.4943% to 65.9781%, triggering a 1% threshold in equity changes.

The inquiry transfer involved 17 institutional investors, including fund management companies, insurance companies, and qualified foreign institutional investors. The shares acquired through this inquiry transfer are subject to a lock-up period of six months. This transaction will not result in a change of the company's controlling shareholder or actual controller.

The transfer price was determined through a competitive bidding process, adhering to relevant securities regulations, ensuring transparency and market regulatory requirements were met.