Fenda Tech controlling shareholder to transfer shares

Shenzhen Fenda Technology (SZSE:002681) announced that its controlling shareholder and actual controller, Xiao Fen, signed a "Pledged Stock Disposal and Transfer Agreement" with Shenzhen High-Tech Investment Group. Under the agreement, Xiao Fen will transfer 39,376,820 shares, representing 2.19% of Fenda Tech's total share capital, to Shenzhen High-Tech Investment Group via a non-trading transfer at a price of CNY 5.84 per share. The funds generated from this transfer will be used to repay the principal of stock pledge financing. Following the transfer, Xiao Fen's stake in Fenda Tech will decrease from 15.64% to 13.44%, but he will remain the controlling shareholder.