Hunan Baili Engineering Sci & Tech Co.Ltd(603959) the controlling shareholder intends to transfer 5% of its shares to axing investment

Hunan Baili Engineering Sci & Tech Co.Ltd(603959) announced that the controlling shareholder of the company, xinhaixin investment, plans to transfer 5% of the company’s shares to Shanghai axing Investment Management Co., Ltd. The price of the shares to be transferred is 14.99 yuan / share, and the total price of the shares to be transferred is 367479100.50 yuan.

In addition, xinhaixin investment signed a share transfer agreement with Su Huan, a natural person, on September 14, 2021, and plans to transfer 29417940 tradable shares of the company (accounting for 6% of the total share capital of the company) held by xinhaixin investment to Su Huan. The above equity transfer is still in progress.

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