Oriental Jicheng shares to be sold via public solicitation

Beijing Oriental Jicheng (SZSE:002819) announced that its controlling shareholder, Oriental Keyi Holding Group, intends to transfer between 15% and 20% of the company's shares via a public solicitation transfer agreement. Based on the current total share capital of 299,575,743 shares, this equates to a transfer of 44,936,362 to 59,915,148 shares. The transfer is subject to approval from relevant state-owned asset supervision and management authorities. The transfer price will be no lower than the higher of either the average of the daily weighted average price of the 30 trading days prior to the announcement date (March 26, 2025) or the net asset value per share from the most recent audited financial year. The company notes that the outcome of the public solicitation and the final transferee remain uncertain. The deal may lead to a change in the company's controlling shareholder and actual controller.