According to Zhitong Finance App News, Zoli Kechuang (06866) announced that the Company was notified by Mr. Yu Yin (Yu), Chairman and Executive Director of the Company, that on November 11, 2026, Mr. Yu transferred all 88 million domestic shares (domestic shares) of the Company to the controlling shareholder of the Company, Deqing Puhua Energy Co., Ltd. (Puhua Energy). These shares account for about 7.46% of the total issued share capital of the Company at the time of transfer (transfer matters).
The transfer was to simplify the shareholding structure among the members of the Company's concerted action group.
The transfer did not involve any change in the composition of the board of directors. Mr. Yu continued to serve as Chairman of the Board and Executive Director of the Company after the transfer. The transfer matters will not have any impact on the Group's business and operations.
Prior to the completion of the transfer, PricewaterhouseEnergy held 336.5 million domestic shares as the beneficial owner, accounting for approximately 28.52% of the Company's total issued shares (shares).
According to the agreement of action between Mr. Yu Youqiang (the father of Mr. Yu), Mr. Yu, Mr. Shen Haiying, Mr. Zhang Jianming, and Puhua Energy (a company legally controlled by Mr. Yu Youqiang) on April 28, 2014, Mr. Yu Youqiang, Mr. Shen Haiying, Mr. Zhang Jianming, and Prva Energy (collectively known as the “Concerted Action Group”, each of which is a member of the Concerted Action Group) currently jointly controlled and is therefore regarded as having approximately 37.92% interest in all issued shares at the time of the transfer. Prior to the completion of the transfer, in terms of beneficial shareholding, PricewaterhouseCoopers was the largest shareholder within the Concerted Action Group, holding approximately 28.52% of all issued shares.
After the transfer was completed, the number of domestic shares held by Concerted Action Group remained unchanged; the number of domestic shares held by PricewaterhouseEnergy increased from 336.5 million shares to 424.5 million shares, and its shareholding ratio (accounting for all issued shares) increased from about 28.52% to about 35.98%; and the number of domestic shares directly held by Mr. Yu decreased to zero.
Pursuant to the Takeovers Code and Merger Code (Takeovers Code) Rule 26.1 (a), PricewaterhouseEnergy has applied for an exemption from PricewaterhouseEnergy's liability to make a full takeover offer for the Company's shares due to the transfer, and the Securities and Futures Commission has granted an exemption in this regard.