cardinal3spinningreel| China Railway Emergency: Controlling shareholder plans changes in company controlling stake

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cardinal3spinningreel| China Railway Emergency: Controlling shareholder plans changes in company controlling stake

China Railway emergency announcement, the company received Hu Danfeng, the company's controlling shareholdercardinal3spinningreelNotice that it is planning to transfer shares and plans to transfer part of its shares to Hainan Haikong Industrial Investment Co., Ltd. This transaction still requires prior approval by the State-owned Assets Supervision and Administration Commission of the People's Government of Hainan Province and other competent departments. If the above matters are finally reached, the controlling shareholder of the company will be changed to Hainan Haikong Industrial Investment Co., Ltd., and the actual controller will be changed to the State-owned Assets Supervision and Administration Commission of the People's Government of Hainan Province. The company's shares have been suspended since the market opened on May 20, 2024, and will continue to be suspended on May 21. The suspension (cumulative) period is expected to not exceed two trading days.