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Shanghai Xuerong Bio modifies share transfer agreement

April 1, 2025 at 05:15 AM UTCBy FilingReader AI

Shanghai Xuerong Biotechnology (SZSE:300511) announced revisions to its share transfer agreement with Shanghai Wanzihong Intelligent Technology, initially signed March 12, 2025. The supplementary agreement, signed March 31, 2025, modifies the payment schedule for the share transfer, which will result in a change of control of the company. The first payment remains at CNY 20,000,000 to Yang Yongping, with CNY 0 to Yinwan Huayi No.1 Fund. Subsequent payments are contingent on exchange approvals and share transfer completion, with a final payment dependent on the earlier of the transfer completion date or the date of the shareholder meeting adjusting the board composition. The transfer is still subject to regulatory approvals and registration with the Shenzhen branch of China Securities Depository and Clearing Corporation.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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