OFILM controlling shareholder to transfer shares to settle debt

OFILM Group announced that its controlling shareholder, Shenzhen OFILM Investment Holding Co., Ltd. (OFILM Holding), and its concerted party, UMT (China) Co., Ltd. (UMT), will transfer a total of 91,817,407 shares to Chaohu Ecological Technology Development Co., Ltd. (Chaohu Technology) via a non-trading transfer. This transfer, set to occur by December 15, 2025, is to repay an overdue loan and related guarantee obligations totaling RMB 676,786,111.11. The shares, representing 2.73% of OFILM Group's total share capital, are being transferred at a price of RMB 7.371 per share, which is 70% of the closing price on the trading day prior to the agreement.

Specifically, OFILM Holding will transfer 30,971,341 shares, while UMT will transfer 60,846,066 shares. Following this transaction, OFILM Holding and UMT will collectively hold 374,637,441 shares, representing 11.15% of the company's total share capital. OFILM Holding will remain the controlling shareholder with 7.79% ownership.

This non-trading transfer does not trigger a tender offer, constitute a related party transaction, or result in a change of control for OFILM Group. The company's assets, finances, operations, and daily management will not be affected. Chaohu Technology is restricted from reducing its holdings of the acquired shares for six months following the completion of the transfer.