Lianchuang Electronic pauses trading as controlling shareholder weighs equity transfer

Lianchuang Electronic Technology Co. (SZSE:002036) announced a trading suspension for its shares and "Lianchuang Convertible Bonds" (SZSE:128101) starting December 18, 2025, for an estimated two trading days. This follows notification from its controlling shareholder, Jiangxi Xinsheng Investment Co., Ltd., regarding ongoing negotiations for a potential equity transfer. The transaction, if finalized, could lead to a change in the company's controlling shareholder and actual controller.

The convertible bond's conversion period, which began on September 21, 2020, and is scheduled to end on March 16, 2026, will also be suspended during this period. The company emphasized that these discussions are in preliminary stages, with specific terms still under negotiation, and the ultimate outcome remains uncertain. The proposed equity transfer is expected to involve 6%-7% of the company's shares.

Lianchuang Electronic will adhere to disclosure requirements and promptly release further updates, including information on when trading will resume, once details are finalized. Investors are advised to exercise caution due to the inherent uncertainties of such a significant event.