Gao Zheng and Minbang announced that the controlling shareholder Zangjian Group plans to transfer 34% of the company's controlling shares to the Geology and Mining Group free of charge and has signed the “State-owned Equity Free Transfer Agreement”. This free transfer is in line with the exemption from issuing an offer. Compliance confirmation by the Shenzhen Stock Exchange and the transfer of shares by Zhongdeng Company are still required. After completion, the controlling shareholder of the company became a geological and mining group, and the actual controller is still the Tibet Autonomous Region State-owned Assets Administration Commission.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.