Kuangda Technology: Shareholder, de facto controller change following equity transfer

On December 19, 2025, Kuangda Technology Group Co., Ltd. received notification that the transfer of shares from Shen Jielang to Zhuzhou Qichuang No. 1 Industrial Investment Partnership (Limited Partnership) has been completed. This transaction involved Shen Jielang transferring 411,834,831 shares, representing 28% of Kuangda Technology's total share capital, to Zhuzhou Qichuang. The transfer price was set at 5.39 yuan per share, totaling 2,219,789,739.09 yuan.

Following the transfer, Zhuzhou Qichuang now holds 411,834,831 shares, corresponding to 28% of the company's total share capital and voting rights. Consequently, Kuangda Technology’s controlling shareholder has changed from Shen Jielang to Zhuzhou Qichuang, and the de facto controller has transitioned from Shen Jielang to the Zhuzhou Municipal People's Government State-owned Assets Supervision and Administration Commission.

This control change, effective December 18, 2025, received approval from both the State Administration for Market Regulation for anti-monopoly review and the Zhuzhou Municipal People's Government State-owned Assets Supervision and Administration Commission. The company stated this transfer will not adversely affect its normal production and operations or harm the interests of small and medium shareholders.