Zangge Holding: Control changes hands after share transfer

Zangge Holding (SZSE:000408) announced that the transfer of shares under the control transfer agreement has been completed on April 30, 2025. The transaction involves the transfer of 392,249,869 shares, representing 24.98% of the company's total share capital, to Zijin International Holding Limited at a price of CNY35 per share, totaling CNY13,728,745,415. With the completion of this transfer, Zijin International and its concerted parties now hold 26.18% of Zangge Holding's shares, making Zijin International the new controlling shareholder and the actual controller now being the Finance Bureau of Shanghang County. In conjunction with the share transfer, certain pledged shares held by Zangge Venture Capital and its consistent actors were released. As of the announcement date, the proportion of shares pledged by Zangge Venture Capital and its consistent actors exceeds 80% of the shares they hold.