According to Zhitong Finance App, Yinglite (000635.SZ) issued an announcement. The company recently received a notice from the controlling shareholder Guoneng Yinglite Energy & Chemical Group Co., Ltd. (hereinafter referred to as “Yinglite Group”). Yinglite Group has determined that Ningxia Baofeng Group Co., Ltd. (hereinafter referred to as “Baofeng Group”) is the final transferee of the company's shares through an agreement. Yinglite Group plans to transfer 155 million unrestricted tradable shares of the company to Baofeng Group under a one-time overall agreement, accounting for 39.41% of the company's total share capital. The share transfer transaction is currently proceeding with negotiations on the “Share Transfer Agreement”.

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.