Wuxi On-Line & On-Line Communication Information Technology Co., Ltd.
Announcement on Completion of Transfer of Company Shares by Shareholders and Release of Related Share Pledges
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or major omissions.
Special Reminder:
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Wuxi On-Line & On-Line Communication Information Technology Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") and its controlling shareholder Shenzhen Shenlei Technology Co., Ltd. (hereinafter referred to as "Shenlei Technology") signed the "Second Phase Share Transfer Agreement" and the "Second Phase Share Transfer Agreement Supplementary Agreement" with Mr. Wang Kun, Ms. Men Qingjuan, and their concerted actor Wuxi Junmao Investment Co., Ltd. (hereinafter referred to as "Wuxi Junmao") on May 7, 2026, and June 2, 2026, respectively. The agreements stipulated that Mr. Wang Kun, Ms. Men Qingjuan, and Wuxi Junmao would transfer a total of 8,029,650 shares of the Listed Company held by them to Shenlei Technology, accounting for 9.99% of the Company's total share capital (hereinafter referred to as the "Current Share Transfer" or "Second Phase Share Transfer").
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The Company recently received notification from its controlling shareholder Shenlei Technology that the current share transfer matter has obtained the "Confirmation Letter of Share Transfer of Listed Company Shares by Shenzhen Stock Exchange" issued by the Shenzhen Stock Exchange and the "Confirmation Letter of Securities Transfer Registration" issued by China Securities Depository and Clearing Corporation Limited. The transfer date was July 1, 2026, with a total of 8,029,650 shares transferred.
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The transferee, Shenlei Technology, has pledged that within 18 months from the completion of the second phase of share transfer, it will not transfer all the shares of the Listed Company it holds (including the first and second phase shares). However, transfers between entities controlled by the same ultimate controlling shareholder are not restricted by the aforementioned 18-month period, and must comply with relevant laws and regulations. Any shares of the Listed Company increased due to reasons such as bonus share distribution or capital reserve to increase share capital by the Listed Company shall also be subject to this lock-up arrangement.
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The current share transfer matter does not trigger a mandatory offer, will not result in a change of the Company's controlling shareholder or actual controller, and does not harm the interests of the Company and its small and medium investors.