Shanxi Installation (02520): Change in the shareholding structure of the controlling shareholder

Zhitong Finance App News, Shanxi Finance App (02520) issued an announcement. The company recently received the “Notice from the Shanxi Provincial State-owned Assets Administration Commission on Transferring State-owned Enterprise State-owned Assets Administration Co., Ltd. held by Shanxi State-owned Capital Operation Co., Ltd. to the Provincial State-owned Assets Administration Commission” (Jinguo Asset Rights [2025] No. 75) from Shanxi Construction Investment Group Co., Ltd. (Shanxi State-owned Assets Management Company). According to the requirements of the document, the Shanxi Provincial People's Government decided to transfer 52.44% of the shares of Shanxi Construction Investment Co., Ltd. (Shanxi State-owned Assets Operation Company) to the State-owned Assets Supervision and Management Committee of the Shanxi Provincial People's Government It is directly owned by the Association (Shanxi Provincial State-owned Assets Administration Commission) (this transfer). Before and after this transfer, Shanxi Construction Investment was the direct controlling shareholder of the company, and the Shanxi Provincial State-owned Assets Administration Commission was the ultimate beneficial owner of the company. Currently, the above matters have yet to complete the registration procedure for industrial and commercial changes.

After this transfer, the company's shareholding structure is shown in the figure below:

This transfer will not cause changes in the Company's ultimate beneficial owners, direct controlling shareholders or their shareholding ratio, will not affect the stability of the Company's controlling rights, will not adversely affect the normal production, operation and sustainable development of the Company, and will not harm the interests of the Company and small to medium shareholders.