ST Eastech (300376.SZ) actual controller will be changed to Jingzhou State-owned Assets Administration Commission

Zhitong Finance App News, ST Yishite (300376.SZ) announced that the company recently received notifications from Jingjiang Industrial, Guangdong Hengrui, Oriental Group and Mr. He Simo. The above parties signed the “Share Transfer Agreement for the Transfer of Shares Held by Eastech Group Co., Ltd.” on December 8, 2025; Jingjiang Industrial, Oriental Group and Mr. He Simo signed the “Agreement on Waiver of Voting Rights”; Guangdong Hengrui, Oriental Group and Mr. He Simo signed the “Agreement”.

Guangdong Hengrui plans to transfer its 418 million unrestricted tradable shares of the listed company (17.93% of the company's total share capital) to Jingjiang Industrial through an agreement transfer, and Oriental Group plans to pledge 16.8609 million shares of listed companies (accounting for 0.72% of the company's total share capital) from Guangdong Hengrui's shares to Jingjiang Industrial. The total share transfer price for this share transfer is 5.61 yuan/share, with a total share transfer price of 2,437 billion yuan. Jingjiang Industrial pays all share transfer prices to Guangdong Hengrui in cash. Guangdong Hengrui, Oriental Group and Mr. He Simo will distribute and reimburse the underlying share transfer price and compensation in accordance with the “Supplementary Agreement”.

After the share transfer was completed, the parties adjusted the governance structure of the listed company in accordance with the “Share Transfer Agreement”, and Jingjiang Industrial obtained control over the listed company. The Jingzhou State-owned Assets Administration Commission is the actual controller of Jingjiang Industrial, and the actual controller of the listed company will be changed to the Jingzhou State-owned Assets Administration Commission.