Tiantie Tech: Share transfer deal terminated, control unchanged

Zhejiang Tiantie Technology (SZSE:300587) announced that controlling shareholder Wang Meiyu, Xu Kongbin, and their concerted actor Xu Yinbin, have terminated share transfer agreements with Shanghai Onze Private Equity Fund Management Co., Ltd. and Ningbo Hutong Private Equity Fund Management Partnership. The original agreements, signed in October 2024, involved the transfer of 59,355,615 shares to Onze Fund and a collective transfer of 58,769,914 shares to Hutong Fund at a price of CNY 4.47 per share. The termination means Wang Meiyu remains a controlling shareholder alongside Xu Jiding and Xu Kongbin, and the company's actual controller status remains unchanged. The company states the termination will not impact its governance, operations, or financial standing and will not harm the interests of the company and the small and medium sized investors.