Taiji computer sees ownership shift to strengthen strategic ties

Taiji Computer has announced that its controlling shareholder, China Electronics Taiji (Group) Co., Ltd. (CETG), and its associate, CEC Investment Holdings Co., Ltd., will transfer 28,932,303 shares to China Electronics Investment Holdings Co., Ltd. (CEIH). CEIH is a wholly-owned subsidiary of China Electronics Corporation (CEC).

CETG will transfer 19,156,668 shares (3.0738% of total share capital), and CEC Investment will transfer 9,775,635 shares (1.5685% of total share capital), both at a price of 8.41 yuan per share. The transfers aim to deepen strategic cooperation and integrate industrial ecosystems.

Prior to these transfers, CEC collectively held 38.7572% of Taiji Computer's shares. Following the completion, CEC's total ownership will adjust to 34.1149%, with CETG holding 26.8723% and CEC Investment Holdings holding 0%. China Electronics Corporation will remain the actual controller of Taiji Computer, ensuring no change in the company's control.

The transaction is subject to approvals from the State-owned Assets Supervision and Administration Commission and compliance confirmation from the Shenzhen Stock Exchange. Payment terms include an initial 30% within five business days of agreement signing, with the remaining 70% due within three business days of Shenzhen Stock Exchange's confirmation.