Announcement Regarding Change of Shareholder Equity and Proposed Change of Controlling Shareholder and Actual Controller
The company and the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false records, misleading statements, or major omissions.
Important Reminders:
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The method of equity change involves a share transfer agreement and does not trigger a mandatory offer.
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This equity change will result in a change of the company's controlling shareholder and actual controller. Shou County Xinqiao Commercial Management Co., Ltd. (hereinafter referred to as "Shou County Xinqiao") will become the company's controlling shareholder, and the Shou County Finance Bureau (Shou County State-owned Assets Supervision and Administration Commission) (hereinafter referred to as "Shou County Finance Bureau (Shou County SASAC)") will become the company's actual controller.
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This equity change is subject to the conditions stipulated in the "Share Transfer Agreement." Whether it can be successfully completed is uncertain. Investors are advised to be aware of investment risks.
Chuangchuang Electronics Co., Ltd. (hereinafter referred to as the "Company" or "Chuangchuang Electronics") received on July 29, 2026, the "Simplified Equity Change Report" issued by its controlling shareholder Jiangxi Xinsheng Investment Co., Ltd. (hereinafter referred to as "Jiangxi Xinsheng") and its concerted party Han Shenglong and Zeng Jiyong, and the "Detailed Equity Change Report" issued by Shou County Xinqiao. The details are as follows:
I. Basic Situation of the Equity Change
On July 29, 2026, the company's controlling shareholder Jiangxi Xinsheng, the company's actual controller Han Shenglong, and the company's Chairman and President Zeng Jiyong signed a "Share Transfer Agreement" with Shou County Xinqiao, an industrial investment platform under the Shou County Finance Bureau (Shou County SASAC).
According to the "Share Transfer Agreement," Jiangxi Xinsheng intends to transfer a portion of its shares in the company, totaling 76,930,822 shares, to Shou County Xinqiao at a transfer price of RMB 8.19 per share, for a total transfer price of RMB 630,063,432.18 (tax inclusive). If this share transfer is successfully completed, the company's controlling shareholder will change from Jiangxi Xinsheng to Shou County Xinqiao, and the company's actual controller will change from Han Shenglong to the Shou County Finance Bureau (Shou County SASAC).
Upon completion of the share transfer, Shou County Xinqiao will directly hold 7.27% of the company's shares. For details, please refer to the "Announcement Regarding the Signing of the Share Transfer Agreement by the Controlling Shareholder and Actual Controller and the Proposed Change of Controlling Shareholder and Actual Controller" (Announcement No.: 2026-050).
The shareholding situation of each party in the listed company before and after this equity change is as follows: