Jiangsu Gaoke Petrochemical control to change hands

Jiangsu Gaoke Petrochemical announced that Suzhou Wuzhong District Tiankai Huida Equity Investment Partnership (Limited Partnership) will transfer 27,883,590 shares, representing 22.35% of the company's total shares, to Fuzhou Qianjing Investment Co., Ltd. The transfer is priced at RMB 20.04 per share, totaling RMB 558,787,143.60.

This transaction, which received compliance confirmation from the Shenzhen Stock Exchange on December 1, 2025, is expected to result in Fuzhou Qianjing becoming the new controlling shareholder. The actual controllers will change from the Wuzhong District People's Government of Suzhou City to Weng Shengjin and He Cong.

The confirmation is valid for six months, during which the transfer parties are required to complete the share transfer registration. The company cautioned that the final completion is subject to remaining procedural steps and market uncertainties.