B-Soft announces control change, shares to resume trading

B-Soft announced its shares will resume trading on November 17, 2025 (Monday), following a suspension to facilitate disclosures regarding a change in control. Hangzhou Geng Hao Smart Investment Management Partnership ("Hangzhou Geng Hao") has entered into a series of agreements to become the new controlling shareholder.

Hangzhou Geng Hao signed a share transfer agreement with Ge Hang, the current largest shareholder, to acquire 96,525,096 shares (6.23% of total share capital) at a price of 5.18 yuan per share. Concurrently, Ge Hang and Jin Fu Yuan (Hainan) Private Equity Fund Management Partnership ("Jin Fu Yuan") will irrevocably entrust their voting rights in 155,780,282 shares (10.06%) and 40,000,000 shares (2.58%) respectively to Hangzhou Geng Hao, forming a concerted action relationship.

Following the voting rights entrustment, Hangzhou Geng Hao will control 12.64% of the company's total voting rights, becoming the largest shareholder. Hangzhou Geng Hao plans to nominate four non-independent directors and two independent directors, and initiate a private placement of shares, which could lead to a change in the company's controlling shareholder.