Xiangtan Electric: Electricity Production and Investment Holding Group transferred 42.23% of the shares without compensation.

Announcement from Xiangtan Electrical Chemical, Electrical Chemical Industry Investment Holding Group has acquired 42.23% of Xiangtan Electrical Chemical's shares through gratuitous transfer. Prior to this acquisition, Electrical Chemical Industry Investment did not hold any shares of Xiangtan Electrical Chemical. After the acquisition, Electrical Chemical Industry Investment indirectly holds 2.66 billion shares of Xiangtan Electrical Chemical through Zhenxiang Guotou, accounting for 42.23% of the total share capital. Xiangtan Electrical Chemical's controlling shareholder remains Electrical Group, and the actual controller is still Xiangtan State-owned Assets Supervision and Administration Commission. Electrical Chemical Industry Investment stated that they have no plans to continue increasing or reducing their holdings of Xiangtan Electrical Chemical shares in the next 12 months.