Changchun High & New Tech controlling shareholder equity structure shifts

Changchun High & New Technology Industry Group announced a change in the equity structure of its controlling shareholder, Changchun Chaoda Investment Group Co., Ltd. (Chaoda Group).

This change, approved by the Changchun New Area State-owned Assets Supervision and Administration Bureau, involved Longxiang Investment Holding Group Co., Ltd. gratuitously transferring 19% of its 100% equity in Chaoda Group to Changchun New Area Industrial Investment Group Co., Ltd. The industrial and commercial change registration procedures for this transfer are complete.

Previously, Longxiang Group held 100% of Chaoda Group's equity. Following the change, Longxiang Group now holds 81% of Chaoda Group, while New Area Industrial Investment holds 19%. Both Longxiang Group and New Area Industrial Investment are ultimately controlled by the Changchun New Area State-owned Assets Supervision and Administration Bureau.

The company clarified that this alteration will not impact its number of shares held, shareholding ratio, or the identity of its controlling shareholder and actual controller. Chaoda Group remains the company's controlling shareholder, and the actual controller is still the Changchun New Area State-owned Assets Supervision and Administration Bureau. The company anticipates no effect on its normal business operations.