Securities Code: 300376 Securities Abbreviation: Easun Announcement No.: 2026-014 Easun Group Co., Ltd. Announcement on the Completion of Transfer Registration of Company Shares by Agreement
The Company and all members of the Board of Directors guarantee that the information disclosed in this report is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
I. Basic Situation of the Change of Control Matter
On December 8, 2025, Easun Group Co., Ltd. (hereinafter referred to as the "Company", "Listed Company", or "Easun"), its shareholder Guangdong Hengrui Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Guangdong Hengrui"), Yangzhou Orient Group Co., Ltd. (hereinafter referred to as "Orient Group"), and Mr. He Simo signed the "Share Transfer Agreement for the Transfer of Shares Held in Easun Group Co., Ltd." with Hubei Jingjiang Industrial Investment Group Co., Ltd. (hereinafter referred to as "Jingjiang Industrial"). Jingjiang Industrial, Orient Group, and Mr. He Simo signed the "Agreement for Waiver of Voting Rights of Easun Group Co., Ltd.". Guangdong Hengrui intends to transfer 417,568,600 restricted tradable shares of the Listed Company (accounting for 17.93% of the Company's total share capital) to Jingjiang Industrial through a share transfer agreement. Additionally, 16,860,914 shares of the Listed Company (accounting for 0.72% of the Company's total share capital) originally pledged by Orient Group to Guangdong Hengrui will also be transferred to Jingjiang Industrial. Jingjiang Industrial will acquire a total of 434,429,514 shares of the Listed Company (accounting for 18.66% of the Company's total share capital). Concurrently, Orient Group irrevocably waives its voting rights for all its shares in the Listed Company (721,966,914 shares, accounting for 31.01% of the Company's total share capital) (hereinafter referred to as "this Share Transfer", "this Equity Change", or "this Transaction"). This equity change does not trigger a mandatory tender offer.
This transaction involves a change in the Company's controlling shareholder and actual controller. Upon completion of the transaction, Jingjiang Industrial will become the controlling shareholder of the Listed Company. The Jingzhou Municipal People's Government State-owned Assets Supervision and Administration Commission (hereinafter referred to as "Jingzhou SASAC") will become the actual controller of the Listed Company as the actual controller of Jingjiang Industrial.
For detailed content, please refer to the "Announcement on Shareholders Signing Share Transfer Agreement, Waiver of Voting Rights Agreement and Supplementary Agreement Regarding the Proposed Change of Control" (Announcement No.: 2025-081) disclosed by the Company on CNEResource.com on December 8, 2025.
II. Completion of Share Transfer
According to the "Confirmation Letter of Securities Transfer Registration" issued by China Securities Depository and Clearing Corporation Limited Shenzhen Branch to Guangdong Hengrui and Orient Group, the share transfer registration procedures have been completed. The transfer date was March 30, 2026, and the transferred shares amounted to 434,429,514 shares, which are restricted tradable shares. After the completion of the share transfer registration, the shareholding changes are as follows: