Guocheng Mining announced that the controlling shareholder Guocheng Holding Group Co., Ltd. plans to transfer 120 million shares of the company to the actual controller Wu Cheng through an agreed transfer, accounting for 10.13% of the company's total share capital. The transaction amount is RMB 2.15 billion. This internal transfer of shares under the same control did not involve an offer. After completion, the controlling shareholder and actual controller of the company remained unchanged, and the total shareholding ratio of the parties concerned remained unchanged. The transfer still needs to be confirmed by the Shenzhen Stock Exchange and the agreed share transfer procedure. There is still uncertainty about whether it can be finalized.

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