B[Shenghong Technology: Adjustment of the internal equity structure of the controlling shareholder and its upper-level shareholders acting in concert] On August 28, Shenghong Technology announced in the morning that the company received a notice today from its controlling shareholder Shenghua Xinye and its upper-level shareholder Hongda Investment, its person acting in concert, Hongda Investment. Mr. Chen Tao transferred his 39% equity stake in Shenghua Xinye and his 35% equity stake in Hongda Investment to his spouse, Ms. Liu Chunlan, and signed a relevant equity transfer agreement for this equity structure adjustment. After this equity structure adjustment, Chen Tao will hold 51% of the equity of Shenghua Xinye, and his spouse Liu Chunlan will hold 49% of the equity of Shenghua Xinye; Chen Tao will hold 35% of the equity of Hongda Investment, and his spouse Liu Chunlan will hold 35% of the equity of Hongda Investment.
At the same time, the company's actual controller Chen Tao and his spouse Liu Chunlan jointly signed the "Concerted Action Agreement", stipulating that Liu Chunlan would act in concert with Chen Tao regarding her shares in Shenghong Technology (including direct and indirect shares) and exercise voting rights in accordance with Chen Tao's opinions.
This equity structure adjustment is an equity structure adjustment within the family of the actual controller. It does not involve changes in the company's shares held by the controlling shareholder and its persons acting in concert. It does not involve a tender offer and will not lead to changes in the company's controlling shareholder or actual controller.
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