China Shuta (08623) executive director increases indirect shareholding

Zhitongcaijing · 10/25 10:33

Zhitong Finance App News, China's Shuta (08623) issued an announcement. The board of directors of the company was informed by Mr. Dang Fei, the company's executive director and chairman, that on October 25, 2024, he signed an agreement with Mr. Dang Jun to acquire 1921 shares of Red Investment Fly Limited (equivalent to 19.21% of Red Fly Investment Limited's interest) at a cost of about RMB 1 million. As of the date of this announcement, Red Fly Investment Limited is the controlling shareholder of the company and has an interest in approximately 31.82% of the company's total issued shares.

After completing the above share transfer, Mr. Dang Fei's personal interest in Red Fly Investment Limited will increase from 80.79% to 100%, and Mr. Dang Jun will no longer have an interest in any of Red Fly Investment Limited's shares. As a result, Mr. Dang Fei and Mr. Dang Jun made a unanimous action commitment dated July 4, 2019 (as defined in the company's prospectus dated June 24, 2020), has been terminated.