Guangxun Technology announced that the company previously disclosed that the controlling shareholder Fenghuo Technology plans to transfer 291 million shares of the company to Silicon Technology free of charge. The latest development is that the relevant parties have completed internal decision-making procedures and signed the “State-owned Equity Free Transfer Agreement”, and have obtained approval from China Information Technology Group; this transfer still requires compliance confirmation and share transfer registration from the Shenzhen Stock Exchange.

Guangxun Technology announced that the company previously disclosed that the controlling shareholder Fenghuo Technology plans to transfer 291 million shares of the company to Silicon Technology free of charge. The latest development is that the relevant parties have completed internal decision-making procedures and signed the “State-owned Equity Free Transfer Agreement”, and have obtained approval from China Information Technology Group; this transfer still requires compliance confirmation and share transfer registration from the Shenzhen Stock Exchange.