002325SZSE

Termination Announcement of the Framework Agreement on Share Transfer Signed by the Controlling Shareholder

*ST Hongtao Co., Ltd.·June 16, 2024·2 pages

✨ AI Summary

Shenzhen Hongtao Group Co., Ltd. announced the termination of the Framework Agreement on Share Transfer with Shenzhen Zhaojin and Hainan Zhaojin. The agreement involved the transfer of 80,405,091 shares, representing 4.58% of the company's total equity. The decision was made to protect the interests of both parties after the exclusivity period expired. The company’s operations remain normal, and the termination will not adversely affect its financial status.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Shenzhen Hongtao Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

The controlling shareholder of the Company, Mr. Liu Nianxin, has decided to terminate the Framework Agreement on Share Transfer with Shenzhen Zhaojin Metal Network Trading Co., Ltd. (hereinafter referred to as "Shenzhen Zhaojin") and Hainan Dongfang Zhaojin Mining Co., Ltd. (hereinafter referred to as "Hainan Zhaojin"). The specific circumstances are as follows:

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.