Gao Zheng Minbang announced that the Tibetan Construction Group plans to transfer its 94,195,640 controlling shares of the company to Geology and Mining Group free of charge. The two parties signed the “Free Transfer Agreement” on August 5, 2026. The transfer was notified by the Tibet Autonomous Region State-owned Assets Administration Commission and reviewed and approved by the boards of directors of both parties. However, it is still necessary to obtain compliance confirmation from the Shenzhen Stock Exchange and go through share transfer registration procedures. The transfer did not involve employee placement, and the shares were still state-owned after the transfer.

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