Kuangda Technology extends trading halt amid ownership change talks

Kuangda Technology Group announced a continued trading suspension from September 3, 2025, for a maximum of three trading days, as it progresses with a planned change in control. The company's controlling shareholder and actual controller, Mr. Shen Jieliang, is in discussions to transfer approximately 26%-29% of his total share capital to a state-owned holding enterprise. This could result in a change of the company's control.

The transaction is still in the planning stages, with no formal agreement signed yet. Due to the ongoing negotiations and the need to ensure fair information disclosure and prevent abnormal share price fluctuations, the company applied for the extension of its trading halt.

Kuangda Technology noted that the successful completion and final outcome of the control change remain uncertain, advising investors to monitor future announcements and exercise caution. The company will apply for resumption of trading once the matter is finalized.