Cangzhou Pearl announced that Dongsu Group, the controlling shareholder of the company, and Guangzhou Light Industry signed a “Share Transfer Agreement”. Guangzhou Light Industry transferred 167 million shares of the company held by Dongsu Group through an agreement transfer agreement, accounting for 10.10% of the company's total share capital on the date the agreement was signed. At the same time, Dongsu Group and its co-actors delegated voting rights corresponding to the remaining 160 million shares of the company to Guangzhou Light Industry. Guangzhou Light Industry obtained 19.78% of the voting rights of the listed company through direct shareholding and joint voting rights entrustment, becoming the company's new controlling shareholder. This share transfer and voting rights entrustment matters involve changes in the controlling shareholder and actual controller of the listed company. If the above matters are finally implemented, the controlling shareholder of the company will change from Dongsu Group to Guangzhou Light Industry, and the actual controller of the company will be changed to the State-owned Assets Supervision and Administration Committee of the Guangzhou Municipal People's Government due to Mr. Gui Ting.

Cangzhou Pearl announced that Dongsu Group, the controlling shareholder of the company, and Guangzhou Light Industry signed a “Share Transfer Agreement”. Guangzhou Light Industry transferred 167 million shares of the company held by Dongsu Group through an agreement transfer agreement, accounting for 10.10% of the company's total share capital on the date the agreement was signed. At the same time, Dongsu Group and its co-actors delegated voting rights corresponding to the remaining 160 million shares of the company to Guangzhou Light Industry. Guangzhou Light Industry obtained 19.78% of the voting rights of the listed company through direct shareholding and joint voting rights entrustment, becoming the company's new controlling shareholder. This share transfer and voting rights entrustment matters involve changes in the controlling shareholder and actual controller of the listed company. If the above matters are finally implemented, the controlling shareholder of the company will change from Dongsu Group to Guangzhou Light Industry, and the actual controller of the company will be changed to the State-owned Assets Supervision and Administration Committee of the Guangzhou Municipal People's Government due to Mr. Gui Ting.