Huangshi Group announced that on July 30, Shenzhen Kadao Green and Low-Carbon Technology Investment Partnership signed an agreement with Huang Jiadi, the controlling shareholder of the company, to transfer its 48.2794 million unrestricted tradable shares, accounting for 5.80% of the total share capital, with a transfer price of 169 million yuan. This change in equity is still subject to compliance confirmation from the Shenzhen Stock Exchange and registration of share transfers. Shenzhen Kadao said that there is no clear plan to increase its holdings within the next 12 months based on the company's value recognition of the transferred shares.

Huangshi Group announced that on July 30, Shenzhen Kadao Green and Low-Carbon Technology Investment Partnership signed an agreement with Huang Jiadi, the controlling shareholder of the company, to transfer its 48.2794 million unrestricted tradable shares, accounting for 5.80% of the total share capital, with a transfer price of 169 million yuan. This change in equity is still subject to compliance confirmation from the Shenzhen Stock Exchange and registration of share transfers. Shenzhen Kadao said that there is no clear plan to increase its holdings within the next 12 months based on the company's value recognition of the transferred shares.