China Hi-Tech (600730.SH): Planned change of control continues to be suspended

Zhitong Finance App News, China Hi-Tech (600730.SH) issued an announcement. On December 12, 2025, the company received a notice from Dongzheng International Education, the direct controlling shareholder of Fangzheng International Education. New Fangzheng Holdings Development Co., Ltd., the controlling shareholder of Fangzheng International Education, plans to transfer 100% of its shares in Fangzheng International Education. Since Fangzheng International Education directly holds 117 million shares of the company's unlimited tradable shares, accounting for 20.03% of the company's total share capital, if the transfer is completed, it will lead to a change in control of the company. The above matters are being planned, and there is still uncertainty. Trading of the company's shares has been suspended since the opening of the market on December 15, 2025.

Currently, the controlling shareholders of the company are actively promoting all aspects of this important matter. The company does not expect to be able to resume trading after the opening of the market on December 17, 2025 (Wednesday). According to relevant regulations, after the company's application to the Shanghai Stock Exchange, trading of the company's shares will continue to be suspended from the opening of the market on December 17, 2025 (Wednesday). It is expected that trading will continue to be suspended for no more than 3 trading days.