Kingkey Smart Agriculture announces significant share transfer to Zhonghengtong

Kingkey Group, the controlling shareholder of Shenzhen Kingkey Smart Agriculture Times, will transfer 26,515,000 unrestricted shares, representing 5.00% of the company's total share capital. The recipient is Shenzhen Zhonghengtong Private Securities Fund Management Co., Ltd., representing the "Zhonghengtong Qihang No. 1 Private Securities Investment Fund."

The transaction is valued at CNY 425,830,900, executed at CNY 16.06 per share. Following the transfer, Kingkey Group's and its concerted parties' combined stake will decrease from 57.15% to 52.15%.

This transfer will result in Zhonghengtong holding 5.00% of Kingkey Smart Agriculture's shares, making it a 5% or more shareholder. Zhonghengtong has committed not to reduce its holdings from this acquisition for 12 months post-registration. The transaction will not trigger a tender offer, constitute a related-party transaction, or change the company's controlling shareholder or actual controller.

Both parties have filed their respective simplified equity change reports. The share transfer remains subject to compliance review by the Shenzhen Stock Exchange and registration with China Securities Depository and Clearing Corporation Limited, Shenzhen Branch.