Huangshi Group announced that Huang Jiadi, the controlling shareholder and actual controller of the company, signed a share transfer agreement with Shenzhen Kadao on July 30, 2026 to transfer the company's 48.2794 million unrestricted tradable shares to Shenzhen Kadao. After the transfer is completed, Shenzhen Kadao will become a shareholder holding more than 5% of the company's shares. Recently, Huang Jiadi promised not to relinquish the position of controlling shareholder or transfer control of the company within 36 months from the share settlement date; Shenzhen Kadao promised not to seek controlling interest in the company within 36 months from the share delivery date, and there are no plans to inject assets into the company.

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